Household consumption shifted to commodities during the recovery from the 2020 recession

Indexes of real durable goods and services consumption, 2020–2022

Line chart of real durable goods and services expenditures indexes illustrating the large rise in commodities and slow recovery in services following the 2020 recession.

Chart: Center for American Progress Source: U.S. Bureau of Labor Statistics data in Federal Bank of St. Louis (FRED), "Real Personal Consumption Expenditures: Durable Goods," available at https://fred.stlouisfed.org/series/PCEDGC96 (last accessed August 2022); U.S. Bureau of Economic Analysis data in FRED, "Real Personal Consumption Expenditures: Services," available at https://fred.stlouisfed.org/series/PCESC96 (last accessed August 2022). Get the data