Financial Market: Real Effective Exchange Rates: CPI Based for Finland
Annual
CCRETT01FIA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.46
Year-over-Year Change
7.06%
Date Range
1/1/1970 - 1/1/2024
Summary
The 'Annual' economic trend measures the annual percent change in consumer credit in the United States. This metric is closely watched by economists and policymakers as an indicator of consumer financial health and economic activity.
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 represents the year-over-year percent change in total consumer credit outstanding, which includes revolving credit (credit cards) and non-revolving credit (auto loans, student loans, etc.). It provides insight into consumer borrowing patterns and confidence.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of financial institutions.
Historical Context
This metric is used by the Federal Reserve, banks, and economists to assess consumer spending trends and the overall state of the economy.
Key Facts
- Consumer credit increased 5.4% year-over-year in 2022.
- Non-revolving credit grew 7.1% annually, while revolving credit rose 3.1%.
- Consumer credit levels remain below pre-pandemic highs.
FAQs
Q: What does this economic trend measure?
A: The 'Annual' trend measures the year-over-year percent change in total consumer credit outstanding in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer borrowing patterns and financial health, which are key indicators of economic activity and consumer confidence.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on surveys of financial institutions.
Q: How is this trend used in economic policy?
A: The Federal Reserve, banks, and economists use this metric to assess consumer spending trends and the overall state of the economy, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-2 month lag, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Annual (CCRETT01FIA661N), retrieved from FRED.