Personal Consumption Expenditures: Goods: Durable Goods: Motor Vehicles and Parts for Wisconsin
WIPCEVEH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,713.80
Year-over-Year Change
108.61%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures personal consumption expenditures on durable goods, specifically motor vehicles and parts, in the state of Wisconsin. It is a key indicator of consumer demand and economic activity 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
Personal consumption expenditures (PCE) are a measure of the value of goods and services purchased by consumers. The motor vehicles and parts component of PCE tracks spending on durable goods like cars, trucks, and related products. This metric provides insights into consumer confidence and spending patterns in Wisconsin.
Methodology
The data is collected through household surveys and business reporting by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this trend to assess the strength of the Wisconsin economy and consumer behavior.
Key Facts
- Wisconsin PCE on motor vehicles and parts totaled $10.2 billion in 2021.
- This trend has increased by 15% over the past 5 years.
- Motor vehicles account for over 60% of durable goods spending in Wisconsin.
FAQs
Q: What does this economic trend measure?
A: This trend measures personal consumption expenditures on durable goods, specifically motor vehicles and parts, in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer confidence and spending patterns in Wisconsin, which is a key indicator of economic activity in the state.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and business reporting 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 the strength of the Wisconsin economy and consumer behavior.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately 3 months.
Related Trends
Real Gross Domestic Product: Retail Trade (44-45) in Wisconsin
WIRETAILRQGSP
Real Gross Domestic Product: Wholesale Trade (42) in Wisconsin
WIWHOLERGSP
Total Carbon Dioxide Emissions From All Sectors, Petroleum for Wisconsin
EMISSCO2TOTVTTPEWIA
Number of Identified Exporters to Germany from Wisconsin
WIDEUA475SCEN
Total Deposits in Mutual Savings Banks in Wisconsin
X08TDMSBTWI
Per Capita Personal Consumption Expenditures: Services: Health Care for Wisconsin
WIPCEPCHLTHCARE
Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods: Motor Vehicles and Parts for Wisconsin (WIPCEVEH), retrieved from FRED.