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Monthly
CCUSSP01SEM650N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.10
Year-over-Year Change
3.84%
Date Range
1/1/1960 - 12/1/2023
Summary
The 'Monthly' economic trend measures consumer spending on durable goods in the U.S. It is a key indicator of economic health and consumer confidence.
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 'Monthly' trend tracks monthly changes in personal consumption expenditures (PCE) for durable goods, which are long-lasting products like vehicles, furniture, and appliances. This data provides insight into consumer demand and discretionary spending patterns.
Methodology
The U.S. Bureau of Economic Analysis collects this data through household surveys and business reports.
Historical Context
Economists and policymakers analyze this trend to understand consumer behavior and its impact on the broader economy.
Key Facts
- Durable goods account for about 12% of total personal consumption expenditures.
- Consumer spending on durable goods is more volatile than spending on non-durable goods and services.
- The 'Monthly' trend is seasonally adjusted to account for regular fluctuations in consumer behavior.
FAQs
Q: What does this economic trend measure?
A: The 'Monthly' trend measures monthly changes in personal consumption expenditures for durable goods in the U.S.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into consumer demand and discretionary spending, which are important indicators of economic health and consumer confidence.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis collects this data through household surveys and business reports.
Q: How is this trend used in economic policy?
A: Economists and policymakers analyze this trend to understand consumer behavior and its impact on the broader economy.
Q: Are there update delays or limitations?
A: The 'Monthly' trend is released with a slight delay, typically a few weeks after the end of the reference month.
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Citation
U.S. Federal Reserve, Monthly (CCUSSP01SEM650N), retrieved from FRED.