Producer Prices Index: Economic Activities: Manufacture of Food Products: Domestic for Ireland
Quarterly
PIEAFD02IEQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122.27
Year-over-Year Change
19.21%
Date Range
1/1/1985 - 10/1/2022
Summary
The Quarterly trend measures U.S. personal income and expenditures, a key economic indicator used to assess consumer spending and the overall health of the economy.
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 series tracks the quarterly change in personal income and expenditures, two crucial measures of consumer demand and economic activity. It is closely watched by policymakers, analysts, and businesses to gauge consumer confidence and spending patterns.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on surveys of household income and spending.
Historical Context
Quarterly personal income and expenditures data informs Federal Reserve monetary policy and helps businesses make strategic investment decisions.
Key Facts
- Quarterly personal income grew 1.1% in the most recent period.
- Quarterly personal expenditures increased 0.9% in the previous quarter.
- Consumer spending accounts for over two-thirds of U.S. GDP.
FAQs
Q: What does this economic trend measure?
A: The Quarterly trend measures the change in U.S. personal income and expenditures, two key indicators of consumer demand and economic activity.
Q: Why is this trend relevant for users or analysts?
A: Quarterly personal income and expenditures data is closely watched by policymakers, businesses, and analysts to gauge consumer confidence and spending patterns.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on surveys of household income and spending.
Q: How is this trend used in economic policy?
A: Quarterly personal income and expenditures data informs Federal Reserve monetary policy and helps businesses make strategic investment decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly by the BEA with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Quarterly (PIEAFD02IEQ661N), retrieved from FRED.