Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for South Carolina
SCPCEPCFUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,383.00
Year-over-Year Change
101.60%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on durable goods, specifically furnishings and household equipment, in South Carolina. It provides insights into consumer spending patterns and household demand for durable consumer products in the state.
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 Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for South Carolina series tracks the average per person spending on furniture, appliances, and other long-lasting household goods by residents of the state. This metric is used by economists and policymakers to analyze consumer behavior and gauge the health of the local economy.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and estimates of personal consumption expenditures.
Historical Context
This trend is relevant for understanding consumer demand, retail sales, and the overall economic conditions in South Carolina.
Key Facts
- Durable goods account for a significant portion of personal consumption expenditures.
- Demand for furnishings and household equipment is a leading indicator of consumer confidence.
- South Carolina's per capita spending on durable goods has fluctuated with economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average per person spending on durable household goods, such as furniture and appliances, by residents of South Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer demand and confidence, which are important for understanding the health of the local economy in South Carolina.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and estimates of personal consumption expenditures.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to monitor consumer spending patterns and gauge the overall economic conditions in South Carolina.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be some delays in reporting due to the survey-based collection process.
Related Trends
Average Weekly Hours of All Employees: Construction in South Carolina
SMU45000002000000002
State Government Tax Collections, Alcoholic Beverages Licenses in South Carolina
SCALCLICTAX
90% Confidence Interval Upper Bound of Estimate of Percent of People Under Age 5 in Poverty for South Carolina
PPCIUB0T4SC45000A156NCEN
Estimate of People Under Age 5 in Poverty for South Carolina
PE0T4SC45000A647NCEN
Per Capita Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for South Carolina
SCPCEPCFOOD
Housing Inventory: Median Listing Price per Square Feet Year-Over-Year in South Carolina
MEDLISPRIPERSQUFEEYYSC
Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for South Carolina (SCPCEPCFUR), retrieved from FRED.