Labor Compensation: Earnings: Manufacturing and Mining: Monthly for Austria
Index 2015=100, Monthly, Seasonally Adjusted
LCEAMM03ATM661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.78
Year-over-Year Change
-0.52%
Date Range
1/1/1960 - 6/1/2023
Summary
The Index 2015=100, Monthly, Seasonally Adjusted measures the level of consumer expenditures on durable goods. 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
This index tracks the total value of consumer purchases of durable goods, which are products meant to last more than three years, such as vehicles, furniture, and electronics. The index is a widely-used gauge of consumer spending patterns and sentiment.
Methodology
The data is collected through surveys of consumer behavior and transactions.
Historical Context
Economists and policymakers closely monitor this index to assess the strength of the consumer sector and its impact on overall economic growth.
Key Facts
- The base year for this index is 2015.
- Durable goods account for about 20% of total consumer spending.
- The index is released monthly by the U.S. Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: This index measures the level of consumer expenditures on durable goods, which are products meant to last more than three years, such as vehicles, furniture, and electronics.
Q: Why is this trend relevant for users or analysts?
A: The durable goods index is a key indicator of consumer demand and economic health, as consumer spending on durable goods is an important component of overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer behavior and transactions.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this index to assess the strength of the consumer sector and its impact on overall economic growth, which informs policy decisions.
Q: Are there update delays or limitations?
A: The index is released monthly by the U.S. Federal Reserve with minimal delay, providing timely data on consumer durable goods spending.
Related Trends
Harmonized Index of Consumer Prices: Electricity, Gas and Other Fuels for Austria
CP0450ATM086NEST
Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Austria
LMUNRLTTATA647N
Total Credit to Non-Financial Corporations, Unadjusted for Breaks, for Austria
CRDQATANUBIS
Life Expectancy at Birth, Total for Austria
SPDYNLE00INAUT
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Austria
AUTPRINTO01IXOBM
Stock Market Turnover Ratio (Value Traded/Capitalization) for Austria
DDEM01ATA156NWDB
Citation
U.S. Federal Reserve, Index 2015=100, Monthly, Seasonally Adjusted (LCEAMM03ATM661S), retrieved from FRED.