Monthly, Not Seasonally Adjusted
IMFNS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,860.70
Year-over-Year Change
24.22%
Date Range
1/1/1974 - 1/1/2021
Summary
The 'Monthly, Not Seasonally Adjusted' series represents raw economic data without statistical smoothing or adjustment for predictable seasonal variations. This unadjusted data provides a direct snapshot of economic activity as it occurs, allowing analysts to observe actual month-to-month fluctuations.
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 economic indicator captures raw data points without applying seasonal normalization techniques used in many statistical analyses. Economists use these unmodified figures to understand immediate economic conditions and detect underlying trends before standard smoothing processes.
Methodology
Data is collected through direct measurement and reporting from government agencies, financial institutions, and economic survey mechanisms without applying seasonal adjustment algorithms.
Historical Context
Policymakers and financial analysts use not seasonally adjusted data to understand immediate economic dynamics and validate seasonal adjustment models.
Key Facts
- Represents raw economic data without seasonal modifications
- Provides immediate, unsmoothed economic insights
- Critical for understanding short-term economic fluctuations
FAQs
Q: What does 'not seasonally adjusted' mean?
A: Not seasonally adjusted data shows actual recorded values without statistical smoothing for predictable seasonal patterns like holiday spending or weather-related economic changes.
Q: Why are non-seasonally adjusted figures important?
A: They reveal immediate economic conditions without normalization, helping analysts detect real-time trends and validate seasonal adjustment models.
Q: How do non-seasonally adjusted metrics differ from adjusted ones?
A: Unadjusted data shows raw numbers, while seasonally adjusted data removes predictable cyclical variations to highlight underlying economic trends.
Q: When should economists use non-seasonally adjusted data?
A: These metrics are most useful for understanding short-term economic dynamics, immediate market conditions, and validating seasonal adjustment techniques.
Q: How frequently is this data updated?
A: Typically, monthly data is collected and reported within 30-45 days following the end of each reporting period.
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Related Trends
Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted [IMFNS], retrieved from FRED.
Last Checked: 8/1/2025