Infra-Annual Labor Statistics: Employment: Economic Activity: Industry (Including Construction): Total for Germany
Annual, Seasonally Adjusted
LFEAICTTDEA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,404,950.00
Year-over-Year Change
6.04%
Date Range
1/1/1961 - 1/1/2023
Summary
The Annual, Seasonally Adjusted trend measures the annual rate of change in total inflation-adjusted consumer spending in the United States. This metric is a key indicator of economic health and consumer demand.
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 series represents the year-over-year percent change in real personal consumption expenditures, which captures inflation-adjusted household spending on goods and services. It is a crucial gauge of consumer confidence and a leading indicator for policymakers and analysts.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using personal consumption expenditure price indices to adjust for inflation.
Historical Context
Trends in real consumer spending are closely monitored by the Federal Reserve and other economic institutions to inform monetary and fiscal policy decisions.
Key Facts
- Consumer spending makes up over two-thirds of U.S. GDP.
- Real consumer spending grew by 3.2% in 2022.
- The COVID-19 pandemic caused a sharp decline in consumer spending in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in real (inflation-adjusted) personal consumption expenditures in the United States.
Q: Why is this trend relevant for users or analysts?
A: Consumer spending is a crucial indicator of economic health and consumer confidence, making this trend highly relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using personal consumption expenditure price indices to adjust for inflation.
Q: How is this trend used in economic policy?
A: Trends in real consumer spending are closely monitored by the Federal Reserve and other economic institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of approximately one month.
Related Trends
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Government Final Consumption Expenditure in Germany
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Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Germany
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Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Germany
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Harmonized Index of Consumer Prices: Medical Products, Appliances and Equipment for Germany
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFEAICTTDEA647S), retrieved from FRED.