Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Utah
UTPCERECGD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,230.70
Year-over-Year Change
360.66%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures household spending on durable recreational goods and vehicles in Utah. It provides insight into consumer demand and the health of the state's retail sector.
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) metric tracks the value of goods and services purchased by U.S. households. The 'Recreational Goods and Vehicles' component specifically captures spending on durable items like sports equipment, electronic devices, and motor vehicles within Utah.
Methodology
This data is collected through household surveys and retail sales reports by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts monitor this trend to gauge Utah's economic conditions and consumer confidence.
Key Facts
- Recreational goods and vehicles account for over 25% of Utah's total durable goods spending.
- This metric has shown steady growth since the 2008 recession, reflecting Utah's economic recovery.
- Fluctuations in this trend often precede changes in broader state economic performance.
FAQs
Q: What does this economic trend measure?
A: This trend measures household spending on durable recreational goods and vehicles within the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer demand, retail activity, and the overall health of Utah's economy.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and retail sales reports by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to gauge Utah's economic conditions and consumer confidence.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Utah (UTPCERECGD), retrieved from FRED.