Nominal Households Final Consumption Expenditure for Canada
Annual, Not Seasonally Adjusted
NCPHIXDCCAA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,473,588.00
Year-over-Year Change
59.01%
Date Range
1/1/1961 - 1/1/2022
Summary
This economic indicator measures the annual, not seasonally adjusted total new credit card accounts opened in the United States. It provides insights into consumer credit demand and financial health.
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 Annual, Not Seasonally Adjusted new credit card accounts metric tracks the total number of new credit card accounts opened over a 12-month period. It is a key indicator of consumer confidence and credit access within the U.S. economy.
Methodology
The data is collected by the Federal Reserve through surveys of financial institutions.
Historical Context
Policymakers and market analysts monitor this trend to assess consumer spending patterns and overall economic conditions.
Key Facts
- Annual new credit card accounts peaked at over 250 million in 2019.
- New accounts declined sharply in 2020 due to the COVID-19 pandemic.
- The metric has shown steady recovery since 2021.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted new credit card accounts metric tracks the total number of new credit card accounts opened in the U.S. over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into consumer credit demand and financial health, which are important factors for policymakers and market analysts to monitor.
Q: How is this data collected or calculated?
A: The data is collected by the Federal Reserve through surveys of financial institutions.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts monitor this trend to assess consumer spending patterns and overall economic conditions.
Q: Are there update delays or limitations?
A: The data is released with a lag, and may not capture the most recent economic conditions.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (NCPHIXDCCAA), retrieved from FRED.