Producer Prices Index: Economic Activities: Industrial Activities: Domestic for Luxembourg
Growth rate previous period, Quarterly
LUXPIEATI02GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.03
Year-over-Year Change
132.83%
Date Range
4/1/1980 - 10/1/2022
Summary
The growth rate previous period, Quarterly trend measures the quarter-over-quarter percent change in real personal consumption expenditures. This data provides insights into consumer spending and 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
This metric tracks the rate of change in real personal consumption expenditures, a key component of gross domestic product (GDP). It is used by economists and policymakers to assess the strength of consumer demand and broader economic conditions.
Methodology
The data is calculated based on U.S. Bureau of Economic Analysis surveys and estimates.
Historical Context
This trend is widely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The growth rate averaged 1.2% over the past 10 years.
- Consumer spending accounts for over two-thirds of U.S. GDP.
- The metric reached a low of -10.1% during the 2020 recession.
FAQs
Q: What does this economic trend measure?
A: The growth rate previous period, Quarterly trend measures the quarter-over-quarter percent change in real personal consumption expenditures, a key component of GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the strength of consumer demand and broader economic conditions, making it a closely watched indicator by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on surveys and estimates of personal consumption expenditures.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions monitor this trend to inform monetary and fiscal policy decisions that can impact consumer spending and economic growth.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (LUXPIEATI02GPQ), retrieved from FRED.