Annual
CSCICP02CAA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.02
Year-over-Year Change
-13.60%
Date Range
1/1/2002 - 1/1/2014
Summary
The Annual trend measures the annual change in consumer spending on consumer durable goods in the United States. This metric is a key indicator of consumer demand and 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 Annual trend tracks the year-over-year percent change in U.S. consumer spending on durable goods, which are long-lasting items like appliances, electronics, and furniture. This data provides insights into consumer confidence and the overall strength of the economy.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and economists closely monitor trends in consumer spending to gauge the state of the economy and inform policy decisions.
Key Facts
- Consumer durable goods account for about 10% of total consumer spending.
- Durable goods purchases tend to be more sensitive to economic conditions.
- The Annual trend is a leading indicator of broader economic activity.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in U.S. consumer spending on durable goods, such as appliances, furniture, and electronics.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer confidence and the overall strength of the economy, making it a key indicator for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor trends in consumer spending to gauge the state of the economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The Annual trend data is released on a monthly basis, with a typical delay of one to two months.
Related Trends
Government Final Consumption Expenditure in Canada
CANGFCEQDSNAQ
National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Canada
NAEXKP03CAQ189S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Canada
CPGRLE01CAA659N
Labor Compensation: Earnings: Manufacturing: Hourly for Canada
LCEAMN01CAQ189S
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Canada
CANPROMANAISMEI
International Merchandise Trade Statistics: Trade Balance: Commodities for Canada
XTNTVA01CAA664N
Citation
U.S. Federal Reserve, Annual (CSCICP02CAA661N), retrieved from FRED.