Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Finland
Annual, Not Seasonally Adjusted
PRCNTO01FIA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.19
Year-over-Year Change
11.97%
Date Range
1/1/1995 - 1/1/2023
Summary
This economic trend measures the annual, not seasonally adjusted Personal Consumption Expenditures (PCE) on durable goods for the United States. PCE is a key indicator of consumer spending and economic activity.
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 (PCE) on durable goods is a widely tracked economic indicator that provides insights into consumer demand and the overall health of the U.S. economy. Durable goods refer to long-lasting products like automobiles, furniture, and electronics.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of the National Income and Product Accounts (NIPA).
Historical Context
This trend is closely monitored by policymakers, analysts, and businesses to gauge consumer confidence and make informed decisions.
Key Facts
- The annual, not seasonally adjusted PCE on durable goods reached a peak of $1.72 trillion in 2021.
- Durable goods account for approximately one-fourth of total personal consumption expenditures.
- Fluctuations in durable goods spending can signal changes in consumer confidence and the broader economic outlook.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted Personal Consumption Expenditures (PCE) on durable goods, which provides insights into consumer demand and spending patterns in the United States.
Q: Why is this trend relevant for users or analysts?
A: The PCE on durable goods is a key economic indicator that helps analysts and policymakers understand consumer confidence, spending behavior, and the overall health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of the National Income and Product Accounts (NIPA).
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to gauge consumer demand, make informed decisions, and assess the broader economic outlook.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis, with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (PRCNTO01FIA661N), retrieved from FRED.