Labor Compensation: Earnings: Manufacturing: Hourly for OECD
Growth rate previous period
OECDLCEAMN01GPSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.26
Year-over-Year Change
-16.71%
Date Range
4/1/1989 - 1/1/2025
Summary
This economic trend measures the quarter-over-quarter growth rate of total nominal final consumption expenditure in the United States. It provides a timely indicator of consumer spending and 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
The growth rate previous period metric tracks changes in total household and government consumption, a key component of GDP. Economists and policymakers monitor this indicator to assess the health and trajectory of the U.S. economy.
Methodology
The data is calculated from quarterly national accounts information.
Historical Context
This consumption growth trend is used to inform economic forecasts and monetary/fiscal policy decisions.
Key Facts
- Growth rate reached a low of -6.9% in Q2 2020 due to COVID-19.
- Consumption expenditure accounts for over two-thirds of U.S. GDP.
- Positive growth signals expanding economic activity and consumer demand.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarter-over-quarter growth rate of total nominal final consumption expenditure in the United States, including both household and government spending.
Q: Why is this trend relevant for users or analysts?
A: Consumption expenditure is a key component of GDP, so this growth rate provides a timely indicator of consumer demand and the overall health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated from quarterly national accounts information published by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this consumption growth trend to inform economic forecasts, monetary policy decisions, and fiscal policy measures.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a lag of approximately 2-3 months after the end of each quarter.
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Citation
U.S. Federal Reserve, Growth rate previous period (OECDLCEAMN01GPSAQ), retrieved from FRED.