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Annual
CCUSSP02EEA650N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.90
Year-over-Year Change
17.10%
Date Range
1/1/1992 - 1/1/2023
Summary
The Annual trend measures the annual percentage change in U.S. consumer spending on services. 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 Annual trend tracks the year-over-year change in personal consumption expenditures (PCE) for services, a major component of GDP. Service spending reflects consumer demand and can signal broader economic trends.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
The Annual trend is closely monitored by policymakers, economists, and investors to assess the state of the U.S. economy.
Key Facts
- Annual services spending accounts for over 50% of total U.S. consumer expenditures.
- Service sector growth has outpaced goods spending in the U.S. over the past decade.
- Consumer services include categories like healthcare, housing, and recreation.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percentage change in U.S. personal consumption expenditures for services.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend provides insight into consumer demand and the overall health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Q: How is this trend used in economic policy?
A: The Annual trend is closely monitored by policymakers, economists, and investors to assess the state of the U.S. economy.
Q: Are there update delays or limitations?
A: The Annual data is published on a monthly basis with a delay of approximately one month.
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Citation
U.S. Federal Reserve, Annual (CCUSSP02EEA650N), retrieved from FRED.