Real Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in Nebraska
Annual, Not Seasonally Adjusted
NENDURMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,385.00
Year-over-Year Change
50.43%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures the annual growth rate of real U.S. personal consumption expenditures, a key indicator of economic health and consumer demand.
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 economic trend tracks the year-over-year change in real personal consumption expenditures, which account for the majority of GDP. It provides insight into the strength of consumer spending and overall economic conditions.
Methodology
The data is calculated from the U.S. Bureau of Economic Analysis' Personal Consumption Expenditures series.
Historical Context
This trend is closely watched by policymakers, investors, and analysts to gauge the trajectory of the U.S. economy.
Key Facts
- Personal consumption expenditures account for over two-thirds of U.S. GDP.
- The trend has shown steady growth since the 2008-2009 recession.
- Accelerating consumption signals increasing economic momentum.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual growth rate of real U.S. personal consumption expenditures, which include spending on durable and non-durable goods as well as services.
Q: Why is this trend relevant for users or analysts?
A: Personal consumption expenditures are a critical component of GDP and a key indicator of economic health and consumer demand. Monitoring this trend provides insight into the strength of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated from the U.S. Bureau of Economic Analysis' Personal Consumption Expenditures series.
Q: How is this trend used in economic policy?
A: Policymakers, investors, and analysts closely monitor this trend to gauge the trajectory of the U.S. economy and make informed decisions about monetary and fiscal policy.
Q: Are there update delays or limitations?
A: This series is updated quarterly by the U.S. Bureau of Economic Analysis. There may be some delays in the most recent data, but the trend provides a reliable long-term view of consumer spending patterns.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (NENDURMANRGSP), retrieved from FRED.