Infra-Annual Labor Statistics: Employment: Economic Activity: Industry (Including Construction): Total for Sweden
Annual, Seasonally Adjusted
LFEAICTTSEA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
899,375.00
Year-over-Year Change
-1.19%
Date Range
1/1/2001 - 1/1/2024
Summary
The Annual, Seasonally Adjusted trend measures inflation-adjusted consumer spending on information and communication technology (ICT) services in the United States. This key economic indicator provides insights into consumer demand and the health of the ICT 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
This data series tracks annual, seasonally adjusted consumer expenditures on a range of ICT services, including internet access, cable/satellite television, and mobile phone services. It is a valuable gauge of consumer preferences and the overall ICT market performance.
Methodology
The data is collected through the U.S. Bureau of Economic Analysis' annual Consumer Expenditure Survey.
Historical Context
Policymakers and economists monitor this trend to assess the strength of the consumer economy and the ICT sector.
Key Facts
- ICT services account for about 3.5% of total U.S. consumer expenditures.
- The trend has shown steady growth over the past decade, reflecting the increasing importance of digital technologies in households.
- Consumer spending on ICT services is an important leading indicator of broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures annual, seasonally adjusted consumer spending on information and communication technology (ICT) services in the United States, including internet access, cable/satellite TV, and mobile phone services.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides valuable insights into consumer demand and the overall performance of the ICT industry, which is a crucial sector of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Economic Analysis' annual Consumer Expenditure Survey.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the strength of the consumer economy and the ICT sector, which can inform policy decisions and market analysis.
Q: Are there update delays or limitations?
A: The data is updated annually, with a typical release delay of several months following the end of the reference year.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFEAICTTSEA647S), retrieved from FRED.