Factoids

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

January 19, 2015  by in General, Relevant   

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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