Orders: Construction: Permits Issued: Dwellings and Residential Buildings for France
Growth rate same period previous year, Quarterly, Seasonally Adjusted
ODCNPI03FRQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.67
Year-over-Year Change
-85.46%
Date Range
1/1/1956 - 1/1/2025
Summary
This economic indicator measures the year-over-year growth rate in Nominal Personal Consumption Expenditures, a key measure of consumer spending and economic activity.
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 Growth Rate Same Period Previous Year for Nominal Personal Consumption Expenditures provides insights into the pace of consumer demand and overall economic momentum. It is a widely tracked metric used by economists, policymakers, and investors to assess consumer behavior and the health of the broader economy.
Methodology
The data is calculated and published quarterly by the U.S. Bureau of Economic Analysis.
Historical Context
This growth metric informs monetary and fiscal policy decisions that can impact consumer spending, employment, and inflation.
Key Facts
- Nominal PCE accounts for over two-thirds of U.S. GDP.
- The growth rate has ranged from -2.9% to 8.1% over the past decade.
- This metric is released quarterly, with a 1-month lag.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year growth rate in Nominal Personal Consumption Expenditures, which captures the total dollar value of consumer spending on goods and services in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: The PCE growth rate is a critical barometer of consumer demand and economic momentum, informing decisions by policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is collected and published quarterly by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: The PCE growth rate is closely monitored by the Federal Reserve and other policymakers to assess the state of the economy and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: This metric is released quarterly, with a 1-month lag, and may be subject to revisions as more complete data becomes available.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly, Seasonally Adjusted (ODCNPI03FRQ659S), retrieved from FRED.