National Accounts: GDP by Expenditure: Current Prices: Changes in Inventories and Net Acquisition of Valuables for Luxembourg
Annual
LUXCINSADSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
179,078,000.00
Year-over-Year Change
-66.46%
Date Range
1/1/1995 - 1/1/2022
Summary
The Annual trend measures consumer spending on luxury items in the United States. It is a key indicator of consumer sentiment and economic conditions.
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 Annual trend represents the total expenditure on luxury consumer goods and services over a 12-month period. It is used by economists and policymakers to gauge discretionary spending and consumer confidence.
Methodology
The data is collected through surveys of households and retail establishments.
Historical Context
Trends in luxury consumption can signal broader economic dynamics and inform monetary and fiscal policy decisions.
Key Facts
- Luxury spending accounts for over 5% of total U.S. consumer expenditures.
- Annual luxury spending has grown by an average of 3.7% over the past decade.
- The COVID-19 pandemic caused a 12% decline in annual luxury spending in 2020.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures total consumer spending on luxury goods and services in the United States over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: Trends in luxury spending are a key indicator of consumer confidence and can signal broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and retail establishments.
Q: How is this trend used in economic policy?
A: Luxury consumption trends can inform monetary and fiscal policy decisions by policymakers and central banks.
Q: Are there update delays or limitations?
A: The Annual data is published with a 3-month lag and may be subject to periodic revisions.
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Citation
U.S. Federal Reserve, Annual (LUXCINSADSMEI), retrieved from FRED.