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Factoids

Factoids offer brief snapshots of current topics pertinent to the Furniture industry based on our on-going research. Increase your grasp of current trends, consumer attitudes, and shifts within the industry through solid statistics and concise insight.

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Factoids

Total Personal Consumption Expenditures Durable Goods Losing Ground to Consumer Services Percent of Durable Goods, Non Durable Goods, and Services: 2006 to 2014Q2


 

In terms of consumer expenditures on goods and services, Durable Goods (where Furniture is a subcategory) is losing ground to expenditures on consumer Services.

 

This is the first in a series of factoids detailing Furniture as a percent of Personal Consumption Expenditures.  Durable Goods, Non Durable Goods, and Services are the three main categories of Personal Consumption.  Durable Goods (with Furniture as a subcategory) has dropped by (-1.5) percentage points from 2006 to 2014Q2, while expenditures on Non Durable Goods has maintained its share at 22.4%.  What percentage share Durable Goods has lost, Services has gained during the same time period – up by 1.5pts. 

Source:  U.S. Department of Commerce, Bureau of Economic Analysis

 



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FastFact: Services Get More Consumer Dollarshttp://furniturecore.com/HFBusiness/HFBNow/ArticleID/12140/fastfact-services-get-more-consumer-dollars1.aspx
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