Producer Prices Index: Economic Activities: Industrial Activities: Total for Luxembourg
Growth rate same period previous year, Quarterly
LUXPIEATI01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.14
Year-over-Year Change
-1346.12%
Date Range
1/1/1981 - 10/1/2022
Summary
This economic trend measures the year-over-year growth rate of real personal consumption expenditures on durable goods, non-durable goods, and services, reported on a quarterly basis. It provides insight into the strength and momentum of consumer spending, a key driver of economic growth.
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 Growth rate same period previous year, Quarterly metric tracks changes in real personal consumption expenditures, a broad measure of household spending on a variety of goods and services. This data is a critical indicator of consumer demand and can inform economic forecasting and policymaking.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
Economists and policymakers closely monitor this trend to assess the health of the consumer sector and its implications for the broader economy.
Key Facts
- Real personal consumption expenditures account for over two-thirds of U.S. GDP.
- Consumer spending is a major driver of economic growth and recessions.
- The year-over-year growth rate provides a longer-term perspective on spending trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of real personal consumption expenditures, which includes spending on durable goods, non-durable goods, and services.
Q: Why is this trend relevant for users or analysts?
A: Consumer spending is a critical component of economic growth, so this metric provides important insights into the strength and momentum of household demand, which can inform economic forecasting and policymaking.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this trend to assess the health of the consumer sector and its implications for the broader economy, which can inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, with a lag of approximately one month after the end of the reference quarter.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (LUXPIEATI01GYQ), retrieved from FRED.