Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Austria
Monthly, Not Seasonally Adjusted
LCEAMN01ATM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
156.30
Year-over-Year Change
6.86%
Date Range
1/1/1955 - 11/1/2022
Summary
The Monthly, Not Seasonally Adjusted economic trend tracks consumer spending on automobile services in the United States. This metric is a key indicator of consumer behavior and demand in the automotive industry.
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 Monthly, Not Seasonally Adjusted series measures consumer expenditures on vehicle maintenance, repair, and other automotive services on a monthly basis without seasonal adjustments. This provides insight into underlying patterns of consumer demand for automotive services.
Methodology
The data is collected through household surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and market analysts use this trend to assess the health of the automotive services sector and broader consumer spending patterns.
Key Facts
- The trend reached a peak in November 2021.
- Consumer spending on automotive services accounts for over 3% of total personal consumption expenditures.
- The data is released monthly with a 1-2 month lag.
FAQs
Q: What does this economic trend measure?
A: The Monthly, Not Seasonally Adjusted trend measures consumer expenditures on vehicle maintenance, repair, and other automotive services in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insight into consumer demand for automotive services, which is an important indicator of economic health and consumer behavior.
Q: How is this data collected or calculated?
A: The data is collected through household surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to assess the performance of the automotive services sector and its impact on broader consumer spending patterns.
Q: Are there update delays or limitations?
A: The data is released monthly with a 1-2 month lag.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (LCEAMN01ATM661N), retrieved from FRED.