Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Utah
UTPCEFUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,536.80
Year-over-Year Change
163.13%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures personal consumption expenditures on durable goods for furnishings and household equipment in Utah. It is a key indicator of consumer demand and economic activity 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 Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Utah series represents consumer spending on items like furniture, appliances, and other long-lasting household goods. This metric provides insight into Utahns' purchasing patterns and confidence.
Methodology
The data is collected through surveys of businesses and households by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this trend to gauge Utah's economic performance and consumer sentiment.
Key Facts
- This trend has been tracked since 1997.
- Utah's furnishings and household equipment spending reached a record high in 2021.
- Durable goods account for about one-third of total personal consumption in Utah.
FAQs
Q: What does this economic trend measure?
A: This trend measures personal consumption expenditures on durable goods for furnishings and household equipment in the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Utahns' purchasing patterns and confidence, which is important for understanding the state's economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to gauge Utah's economic activity and consumer sentiment.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Utah (UTPCEFUR), retrieved from FRED.