Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Utah
UTPCEPCFUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,620.00
Year-over-Year Change
117.16%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on durable goods for furnishings and household equipment in Utah. It provides insight into consumer demand and household spending patterns within 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
Per capita personal consumption expenditures (PCE) track the average amount spent by Utah residents on durable goods for furnishings and household equipment. This metric is used by economists to analyze consumer behavior and gauge the strength of the local economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of consumer spending.
Historical Context
Policymakers and market analysts closely monitor this PCE trend to understand Utah's economic conditions and make informed decisions.
Key Facts
- Utah's per capita PCE on furnishings and household equipment was $2,462 in 2021.
- This PCE trend has grown by 24% over the past 10 years in Utah.
- Durable goods make up about 25% of total personal consumption expenditures in Utah.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average per capita 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 PCE trend provides valuable insight into consumer demand and household spending patterns in Utah, which is useful for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of consumer spending.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this PCE trend to understand Utah's economic conditions and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 2-month delay.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Utah (UTPCEPCFUR), retrieved from FRED.