Personal Consumption Expenditures: Goods: Durable Goods for Wisconsin
WIPCEDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38,583.50
Year-over-Year Change
99.87%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Personal Consumption Expenditures: Goods: Durable Goods for Wisconsin' trend measures Wisconsin residents' spending on durable consumer goods. This data provides insight into the economic health and consumer confidence of 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 series tracks total personal consumption expenditures on durable goods, such as automobiles, furniture, and household appliances, by residents of Wisconsin. It is a key indicator of consumer demand and an important measure of economic activity within the state.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through household surveys and other economic reporting.
Historical Context
Policymakers and analysts use this trend to assess the strength of Wisconsin's economy and consumer sector.
Key Facts
- Wisconsin residents spent $X on durable goods last year.
- Durable goods spending increased/decreased by Y% in the last quarter.
- This trend is a component of the overall Personal Consumption Expenditures index.
FAQs
Q: What does this economic trend measure?
A: The 'Personal Consumption Expenditures: Goods: Durable Goods for Wisconsin' trend measures total consumer spending on long-lasting, high-value items by residents of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insight into the strength of consumer demand and economic conditions within Wisconsin. It is closely watched by policymakers, businesses, and economists to assess the state's economic health.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through household surveys and other economic reporting.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this trend to gauge consumer confidence and spending patterns in Wisconsin, which informs decisions around fiscal, monetary, and economic development policies.
Q: Are there update delays or limitations?
A: This data is released on a quarterly basis, with a lag of approximately two months. There may be revisions to previous quarterly figures as more complete information becomes available.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods for Wisconsin (WIPCEDURG), retrieved from FRED.