Nominal Final Consumption Expenditure for Australia
Annual, Not Seasonally Adjusted
NCXDCAUA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,016,787.00
Year-over-Year Change
81.62%
Date Range
1/1/1960 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted trend measures the year-over-year change in nominal consumer expenditures, providing insights into consumer demand 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 indicator tracks the annual change in total consumer spending, a key driver of the U.S. economy. It is used by economists and policymakers to assess the strength of consumer activity and consumption patterns.
Methodology
The data is collected through household surveys by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers monitor this metric to gauge consumer confidence and shape appropriate fiscal and monetary policies.
Key Facts
- Consumer spending accounts for over two-thirds of U.S. GDP.
- The annual change in consumer expenditures averaged 4.4% from 2010-2019.
- Consumer spending declined in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures the year-over-year change in total nominal consumer expenditures in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer demand and is a key indicator of overall economic growth, making it relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through household surveys by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers monitor this indicator to gauge consumer confidence and shape appropriate fiscal and monetary policies to support economic growth.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (NCXDCAUA), retrieved from FRED.