Personal Consumption Expenditures: Goods: Durable Goods: Other Durable Goods for Ohio
OHPCEODURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,683.50
Year-over-Year Change
49.23%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures personal consumption expenditures for other durable goods in the state of Ohio. It provides insights into consumer spending on long-lasting household items, which is a key indicator of economic activity and consumer confidence.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Personal Consumption Expenditures: Goods: Durable Goods: Other Durable Goods for Ohio metric tracks consumer spending on a variety of durable household items, excluding major purchases like vehicles. It is used by economists and policymakers to analyze patterns in consumer demand and gauge the overall health of the state's economy.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is relevant for understanding Ohio's economic performance and consumer trends, which can inform state-level policy decisions.
Key Facts
- Other durable goods include furniture, appliances, and recreational equipment.
- Consumer spending on other durable goods makes up around 5% of total personal consumption expenditures in Ohio.
- Trends in this metric can indicate changes in household confidence and spending patterns.
FAQs
Q: What does this economic trend measure?
A: This trend measures personal consumption expenditures for other durable goods, which includes a variety of long-lasting household items, in the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer spending patterns and the overall health of Ohio's economy, which is useful for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Trends in other durable goods consumption can inform state-level economic policy decisions and provide context for market analysts.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical 1-2 month delay from the reference period.
Related Trends
Business Applications with Planned Wages: Total for All NAICS in Ohio
BAWBATOTALSAOH
All Employees: Manufacturing: Durable Goods: Computer and Electronic Product Manufacturing in Ohio
SMU39000003133400001
Regional Price Parities: Services: Housing for Ohio
OHRPPSERVERENT
All Employees: Durable Goods: Machinery Manufacturing in Ohio
SMU39000003133300001A
Per Capita Personal Consumption Expenditures: Goods: Durable Goods for Ohio
OHPCEPCDURG
Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in Ohio
MEDLISPRIPERSQUFEEMMOH
Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods: Other Durable Goods for Ohio (OHPCEODURG), retrieved from FRED.