Consumer Price Index: Communication (COICOP 08): Total for Austria
Quarterly
AUTCP080000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.85
Year-over-Year Change
-221.35%
Date Range
4/1/1997 - 7/1/2023
Summary
The Quarterly trend measures the total value of U.S. consumer purchases of durable goods on a quarterly basis. This metric is a key indicator of consumer demand and economic health.
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
The Quarterly trend represents the dollar value of durable goods purchased by U.S. consumers each quarter. Durable goods are products designed to last over 3 years, such as automobiles, appliances, and electronics. This data helps economists assess consumer spending patterns and gauge the strength of the overall economy.
Methodology
The data is collected through surveys of U.S. households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
Quarterly consumer spending on durable goods is closely monitored by policymakers, analysts, and investors as a signal of economic conditions and consumer confidence.
Key Facts
- Durable goods account for about 25% of total consumer spending.
- Quarterly consumer durable goods spending averaged $1.7 trillion in 2022.
- Demand for durable goods is sensitive to interest rates and economic conditions.
FAQs
Q: What does this economic trend measure?
A: The Quarterly trend measures the total dollar value of U.S. consumer purchases of durable goods on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: Quarterly consumer spending on durable goods is a key indicator of economic health and consumer confidence, closely watched by policymakers, investors, and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. households and businesses by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Quarterly consumer durable goods spending is monitored by policymakers as a signal of economic conditions and consumer confidence, informing decisions on interest rates, fiscal policy, and other interventions.
Q: Are there update delays or limitations?
A: The Quarterly data is released with a delay of approximately one month after the end of each quarter, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Quarterly (AUTCP080000GPQ), retrieved from FRED.