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Quarterly
LUXCP040100GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.32
Year-over-Year Change
37.63%
Date Range
4/1/1995 - 10/1/2023
Summary
The Quarterly Luxury Consumption Expenditures is a measure of household spending on luxury goods and services in the United States. This data provides insights into consumer demand for high-end products and the health of the luxury market.
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 Quarterly Luxury Consumption Expenditures tracks consumer spending on items such as luxury apparel, accessories, personal care products, and recreational activities. It serves as a key economic indicator for analysts and policymakers to gauge consumer confidence and the performance of the luxury sector.
Methodology
The data is collected through surveys of U.S. households and aggregated by the U.S. Bureau of Economic Analysis.
Historical Context
Trends in luxury consumption are closely watched by businesses, investors, and economic policymakers to understand broader shifts in consumer behavior and the distribution of wealth.
Key Facts
- Luxury spending accounts for over 3% of total U.S. consumer expenditures.
- The luxury market in the U.S. is valued at over $300 billion annually.
- Luxury consumption tends to be more volatile than overall consumer spending.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Luxury Consumption Expenditures measures household spending on high-end goods and services in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer demand for luxury products, which is an important indicator of economic health and consumer confidence.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. households and aggregated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Trends in luxury consumption are closely watched by businesses, investors, and policymakers to understand broader shifts in consumer behavior and the distribution of wealth.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a slight delay, typically 2-3 months after the end of the quarter.
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Citation
U.S. Bureau of Economic Analysis, Quarterly Luxury Consumption Expenditures (LUXCP040100GPQ), retrieved from FRED.