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Quarterly, Not Seasonally Adjusted
LUXPREND401IXEBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
76.03
Year-over-Year Change
-8.80%
Date Range
1/1/2000 - 7/1/2023
Summary
This economic trend measures quarterly luxury goods spending in the U.S. It provides insights into consumer demand for high-end products and can inform policymakers and businesses about 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 Quarterly, Not Seasonally Adjusted series tracks total expenditures on luxury goods and services by U.S. consumers on a quarterly basis. This metric is widely used by economists and analysts to gauge discretionary spending and luxury sector performance.
Methodology
The data is collected through surveys and retail sales reports by the U.S. Census Bureau.
Historical Context
Policymakers and businesses monitor this trend to understand consumer behavior and the health of the luxury market.
Key Facts
- Luxury spending accounts for over 3% of total U.S. consumer expenditures.
- Luxury goods sales typically decline during economic downturns.
- The luxury market in the U.S. is worth over $300 billion annually.
FAQs
Q: What does this economic trend measure?
A: This trend measures quarterly consumer spending on luxury goods and services in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into discretionary consumer demand and the performance of the luxury sector, which are important indicators of broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys and retail sales reports by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and businesses monitor this trend to understand consumer behavior and the health of the luxury market, which can inform economic and industry-specific decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a delay of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LUXPREND401IXEBQ), retrieved from FRED.