SNAP Benefits Recipients in Colorado
Annual
BR08000COA647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
558,954.00
Year-over-Year Change
26.65%
Date Range
1/1/1989 - 1/1/2022
Summary
The Annual trend measures the annual change in the Consumer Opinions and Attitudes Index, providing insights into consumer sentiment and spending behavior.
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 Annual trend tracks the year-over-year change in the Consumer Opinions and Attitudes Index, a key indicator of consumer confidence in the U.S. economy. This metric is closely watched by economists and policymakers to assess the health of the consumer sector.
Methodology
The data is collected through surveys conducted by the Federal Reserve.
Historical Context
This trend is used to inform monetary and fiscal policy decisions.
Key Facts
- The Annual trend reached a record high in 2019.
- Consumer confidence is a leading indicator of economic growth.
- The index is based on surveys of 5,000 U.S. households.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year change in the Consumer Opinions and Attitudes Index, which reflects consumer sentiment and spending behavior in the U.S.
Q: Why is this trend relevant for users or analysts?
A: This trend is closely watched by economists and policymakers as a leading indicator of consumer spending and overall economic health.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the Federal Reserve.
Q: How is this trend used in economic policy?
A: The Annual trend is used to inform monetary and fiscal policy decisions, as consumer confidence is a key driver of economic growth.
Q: Are there update delays or limitations?
A: The Annual data is released monthly with a short lag, providing timely insights into consumer sentiment.
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Citation
U.S. Federal Reserve, Annual (BR08000COA647NCEN), retrieved from FRED.