Currency Conversions: US Dollar Exchange Rate: Spot, End of Period: USD: National Currency for Japan
Quarterly
CCUSSP01JPQ650N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.01
Year-over-Year Change
-29.21%
Date Range
1/1/1960 - 7/1/2023
Summary
This quarterly trend measures the level of personal consumption expenditures (PCE) on services in the United States. It is a key economic indicator that reflects consumer spending patterns and overall 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 Personal Consumption Expenditures on Services trend provides insights into the consumer services component of the broader PCE measure, a critical driver of U.S. economic activity. Economists and policymakers closely monitor this data to assess household spending behavior and its implications for the business cycle.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of consumer spending.
Historical Context
This metric is used to inform monetary and fiscal policy decisions by the Federal Reserve and Congress.
Key Facts
- Services account for over 60% of total U.S. personal consumption expenditures.
- Quarterly PCE on Services has grown at an average annual rate of 2.7% since 2010.
- The services sector comprises activities like healthcare, education, and recreation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of personal consumption expenditures on services in the United States on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The PCE on Services trend is a key indicator of consumer demand and an important driver of overall economic growth. It provides insights into household spending patterns and the health of the services sector.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of consumer spending.
Q: How is this trend used in economic policy?
A: This metric is closely watched by the Federal Reserve and policymakers to inform monetary and fiscal policy decisions that aim to promote stable economic growth and full employment.
Q: Are there update delays or limitations?
A: The Quarterly PCE on Services data is released with a lag of approximately one month after the end of each quarter, as it relies on survey data collection and compilation.
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Citation
U.S. Federal Reserve, Quarterly Personal Consumption Expenditures on Services (CCUSSP01JPQ650N), retrieved from FRED.