Seasonally Adjusted
PBF8QSAAR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
750.00
Year-over-Year Change
11.11%
Date Range
7/1/2004 - 10/1/2019
Summary
The Seasonally Adjusted Personal Consumption Expenditures: Services index measures changes in consumer spending on services, with seasonal variations removed. This provides a clearer picture of underlying economic trends.
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 Seasonally Adjusted Personal Consumption Expenditures: Services index is a key economic indicator that tracks changes in consumer demand for services. Economists and policymakers use this data to assess the overall health of the economy and consumer confidence.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This index is used to inform fiscal and monetary policy decisions.
Key Facts
- The index is published monthly by the U.S. Bureau of Economic Analysis.
- It covers a wide range of consumer services, including healthcare, education, and recreation.
- Seasonal adjustment helps identify underlying trends in consumer spending.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted Personal Consumption Expenditures: Services index measures changes in consumer spending on services, with seasonal variations removed.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of economic health and consumer confidence, helping economists and policymakers assess the overall state of the economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This index is used to inform fiscal and monetary policy decisions, as it provides insights into consumer demand and economic growth.
Q: Are there update delays or limitations?
A: The index is published monthly, with a typical release delay of several weeks.
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Citation
U.S. Federal Reserve, Seasonally Adjusted Personal Consumption Expenditures: Services (PBF8QSAAR), retrieved from FRED.