Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Wisconsin
WIPCEPCRECGD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,037.00
Year-over-Year Change
122.62%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Wisconsin' trend measures consumer spending on durable recreational goods and vehicles in Wisconsin.
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 tracks the average household expenditures on durable consumer goods like recreational equipment, vehicles, and associated services in the state of Wisconsin. It is a key metric for understanding consumer demand and the health of the state's economy.
Methodology
The data is collected through household surveys and compiled by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this trend to assess consumer confidence and spending patterns in Wisconsin.
Key Facts
- Recreational goods and vehicles account for a significant portion of household budgets.
- Spending on durable goods is a leading indicator of economic health.
- Wisconsin's per capita recreational spending trends can vary based on seasonal and regional factors.
FAQs
Q: What does this economic trend measure?
A: This trend measures average per capita spending by Wisconsin households on durable recreational goods and vehicles.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into consumer demand and confidence, which are important indicators of economic conditions in Wisconsin.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and compiled 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 assess consumer spending patterns and confidence in Wisconsin's economy.
Q: Are there update delays or limitations?
A: There may be a lag of several months between the reporting period and data publication.
Related Trends
Real Gross Domestic Product: Other Services (Except Government and Government Enterprises) (81) in Wisconsin
WIOTHSERVERQGSP
Pandemic Unemployment Assistance Continued Claims in Wisconsin
PUACCWI
Industrial Carbon Dioxide Emissions, Asphalt and Road Oil for Wisconsin
EMISSCO2VARICBWIA
Average Weekly Hours of All Employees: Professional and Business Services in Wisconsin
SMU55000006000000002A
Coefficient for Transportation Carbon Dioxide Emissions, Residential for Wisconsin
EMISSCO2CCLACBWIA
All Employees: Education and Health Services: Private Education and Health Services in Wisconsin
WIEDUH
Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Wisconsin (WIPCEPCRECGD), retrieved from FRED.