Quarterly, Seasonally Adjusted
LUXURHARMQDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.20
Year-over-Year Change
-3.70%
Date Range
1/1/1982 - 1/1/2012
Summary
The Quarterly, Seasonally Adjusted Luxury Consumer Goods Retail Sales Indicator tracks consumer spending on high-end products and services. This metric is a key gauge of economic health and consumer confidence.
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 Luxury Consumer Goods Retail Sales Indicator measures inflation-adjusted sales of luxury items such as jewelry, watches, and other premium consumer goods. Economists analyze this data to understand discretionary spending patterns and assess the strength of the broader economy.
Methodology
This indicator is calculated based on monthly retail sales data collected through surveys of large and small businesses.
Historical Context
Policymakers and analysts closely monitor this metric to inform decisions on interest rates, economic stimulus, and other policy interventions.
Key Facts
- Luxury goods account for over 20% of total retail sales in the U.S.
- This indicator has rebounded strongly since the COVID-19 recession.
- Luxury spending is a leading indicator of overall economic performance.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Luxury Consumer Goods Retail Sales Indicator tracks consumer spending on high-end products and services like jewelry, watches, and other premium goods.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key gauge of economic health and consumer confidence, as luxury spending is a leading indicator of overall economic performance.
Q: How is this data collected or calculated?
A: The indicator is calculated based on monthly retail sales data collected through surveys of large and small businesses.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this metric to inform decisions on interest rates, economic stimulus, and other policy interventions.
Q: Are there update delays or limitations?
A: The data for this indicator is reported on a quarterly basis with a 2-month lag.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LUXURHARMQDSMEI), retrieved from FRED.