Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Virginia
VAPCERECGD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,583.60
Year-over-Year Change
109.50%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Virginia measures consumer spending on durable recreational goods and vehicles 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
This economic indicator provides insights into consumer demand and confidence by tracking purchases of discretionary durable goods. It is a key metric used by economists and policymakers to assess the health of the Virginia economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Trends in this metric are closely monitored for signals about consumer behavior and the broader economic environment.
Key Facts
- Durable goods account for over 20% of total personal consumption expenditures.
- Recreational goods and vehicles include items like TVs, audio equipment, and RVs.
- Consumer spending on durables is a leading indicator of economic conditions.
FAQs
Q: What does this economic trend measure?
A: This metric measures consumer spending on durable recreational goods and vehicles in the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: Trends in this indicator provide insights into consumer demand, confidence, and the overall health of the Virginia economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this metric as a leading indicator of economic conditions and consumer behavior.
Q: Are there update delays or limitations?
A: There may be delays of several weeks in the release of this data by the statistical agencies.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Virginia (VAPCERECGD), retrieved from FRED.