Imports of Goods: General Merchandise: Other general merchandise
Annual, Not Seasonally Adjusted
IEAMGOA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128,850.00
Year-over-Year Change
85.37%
Date Range
1/1/1999 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted economic trend measures the value of new auto loans and leases extended by financial institutions. This metric provides insight into consumer demand and credit conditions in the automotive market.
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, Not Seasonally Adjusted series represents the total dollar value of new auto loans and leases originated during the year, without adjustments for seasonal factors. This data is a key indicator of activity and sentiment in the consumer auto finance industry.
Methodology
The data is collected through surveys of financial institutions that originate auto loans and leases.
Historical Context
Policymakers and analysts use this metric to gauge consumer credit conditions and spending patterns in the automotive sector.
Key Facts
- Annual auto loan and lease originations exceeded $1.2 trillion in 2021.
- The value of new auto loans and leases declined during the COVID-19 pandemic but has since rebounded.
- Demand for auto financing is a leading indicator of consumer confidence and economic activity.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted series measures the total dollar value of new auto loans and leases originated by financial institutions during the year.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer demand and credit conditions in the automotive market, which is a key sector of the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of financial institutions that originate auto loans and leases.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge consumer credit conditions and spending patterns in the automotive sector, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released with a lag, and may not fully capture the most recent trends in the auto finance market.
Related Trends
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (IEAMGOA), retrieved from FRED.