Annual, Not Seasonally Adjusted
BPCRIN01TRA637N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,523,000,000.00
Year-over-Year Change
64.29%
Date Range
1/1/1984 - 1/1/2013
Summary
The 'Annual, Not Seasonally Adjusted' trend measures the annual value of personal consumption expenditures for recreation services in the U.S. This key indicator provides insights into consumer spending patterns and the overall health of the economy.
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) for recreation services represent the consumer spending on activities such as sports, hobbies, and entertainment. This metric is closely watched by economists and policymakers to gauge consumer demand and the strength of the broader services sector.
Methodology
The data is collected through household surveys by the U.S. Bureau of Economic Analysis.
Historical Context
Recreation spending trends are analyzed in the context of overall consumer confidence and the business cycle.
Key Facts
- Recreation services account for over 5% of total U.S. personal consumption expenditures.
- Annual recreation spending grew by 3.2% in 2021 after declining in 2020 due to the COVID-19 pandemic.
- Consumer spending on recreation services has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the total annual value of personal consumption expenditures for recreation services in the United States.
Q: Why is this trend relevant for users or analysts?
A: Recreation spending is a key indicator of consumer demand and the overall health of the services sector, making it relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Recreation spending trends are analyzed in the context of overall consumer confidence and the business cycle, informing economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a delay of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (BPCRIN01TRA637N), retrieved from FRED.