Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Domestic for Switzerland
Growth rate previous period, Quarterly
CHEPIEAMI02GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.36
Year-over-Year Change
-747.79%
Date Range
10/1/2003 - 10/1/2022
Summary
The Growth rate previous period, Quarterly trend measures the quarterly percentage change in personal consumption expenditures (PCE), a key indicator of economic activity and consumer spending.
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
This data series tracks the quarter-over-quarter growth rate in PCE, which represents around 70% of U.S. gross domestic product (GDP). It is a widely watched metric that provides insights into the strength and direction of consumer demand.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on their quarterly PCE survey.
Historical Context
Economists and policymakers analyze this trend to gauge consumer confidence and make informed decisions about fiscal and monetary policy.
Key Facts
- PCE accounts for over two-thirds of U.S. GDP.
- The quarterly growth rate in PCE averaged 1.6% from 2010-2019.
- Consumer spending is a crucial driver of economic expansion.
FAQs
Q: What does this economic trend measure?
A: The Growth rate previous period, Quarterly trend measures the quarter-over-quarter percentage change in personal consumption expenditures (PCE), a key indicator of consumer spending and economic activity.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the strength and direction of consumer demand, which is a crucial driver of overall economic growth. Analysts and policymakers closely monitor PCE growth to gauge consumer confidence and make informed decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on their quarterly survey of personal consumption expenditures.
Q: How is this trend used in economic policy?
A: Economists and policymakers analyze the PCE growth rate to assess the health of the consumer sector and make decisions about fiscal and monetary policy. This metric is a key input into the Federal Reserve's economic projections and policy deliberations.
Q: Are there update delays or limitations?
A: The PCE growth rate data is released quarterly by the Bureau of Economic Analysis, typically with a delay of about one month after the end of the reference quarter.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (CHEPIEAMI02GPQ), retrieved from FRED.