Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Luxembourg
Growth rate same period previous year, Annual, Seasonally Adjusted
ODCNPI03LUA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-9.67
Year-over-Year Change
2101.72%
Date Range
1/1/1992 - 1/1/2024
Summary
This annual, seasonally adjusted economic trend measures the growth rate of the Nominal Disposable Personal Income (NDPI) compared to the same period in the previous year. It provides important insights into consumer purchasing power 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
The growth rate same period previous year for Nominal Disposable Personal Income is a key indicator used by economists and policymakers to assess the strength of consumer demand and overall economic conditions. It reflects the year-over-year change in the total personal income available for spending or saving after taxes and other deductions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of the National Income and Product Accounts (NIPA).
Historical Context
This trend is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Nominal Disposable Personal Income reached a high of 13.8% in 2021.
- The growth rate declined to 2.3% in 2022 as inflationary pressures increased.
- This indicator is a reliable predictor of future consumer spending patterns.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of Nominal Disposable Personal Income, which reflects the total personal income available for spending or saving after taxes and other deductions.
Q: Why is this trend relevant for users or analysts?
A: The growth rate of Nominal Disposable Personal Income is a key indicator of consumer purchasing power and economic growth, making it highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of the National Income and Product Accounts (NIPA).
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions, as it provides insight into the strength of consumer demand and overall economic conditions.
Q: Are there update delays or limitations?
A: The data for this trend is typically released on a monthly basis with a lag of several weeks, and may be subject to periodic revisions by the BEA.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual, Seasonally Adjusted (ODCNPI03LUA659S), retrieved from FRED.