Producer Prices Index: Economic Activities: Total Manufacturing for the European Union
Annual
PIEAMP01EUA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.98
Year-over-Year Change
11.37%
Date Range
1/1/2000 - 1/1/2019
Summary
The Annual trend measures the average annual personal income in the U.S. It is a key indicator of economic well-being and consumer spending power.
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 Annual trend represents the average yearly personal income for individuals in the United States. It is a widely tracked economic metric used to assess household financial health and consumer demand.
Methodology
The data is compiled by the U.S. Bureau of Economic Analysis based on survey and administrative information.
Historical Context
Policymakers and analysts monitor personal income trends to understand consumer spending patterns and guide economic policies.
Key Facts
- Personal income in the U.S. averaged $55,322 in 2021.
- Real personal income grew by 3.7% in 2021 compared to 2020.
- Personal income has steadily increased over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average annual personal income for individuals in the United States. It represents the total income received by all persons from all sources.
Q: Why is this trend relevant for users or analysts?
A: Personal income is a critical indicator of economic well-being and consumer spending power. Analyzing income trends helps policymakers and analysts understand the financial health of households and predict consumer demand.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Bureau of Economic Analysis using survey and administrative information on various income sources.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor personal income trends to inform decisions on fiscal, monetary, and social policies that impact household finances and consumer spending.
Q: Are there update delays or limitations?
A: The Annual personal income data is published with a several-month delay, so it may not reflect the most recent economic conditions. The data also does not capture income inequality or regional variations within the U.S.
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Citation
U.S. Federal Reserve, Annual (PIEAMP01EUA661N), retrieved from FRED.