Sales: Retail Trade: Car Registration: Passenger Cars for Portugal
Growth rate same period previous year, Quarterly, Seasonally Adjusted
PRTSLRTCR03GYSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-10.94
Year-over-Year Change
-184.65%
Date Range
1/1/1991 - 10/1/2018
Summary
This economic trend measures the year-over-year growth rate of real personal consumption expenditures (PCE), a key indicator of consumer spending and economic activity.
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
Real PCE growth rate is a widely tracked metric that reveals the health of the consumer sector, which accounts for over two-thirds of U.S. GDP. Economists and policymakers closely monitor this data to assess the trajectory of the broader economy.
Methodology
The U.S. Bureau of Economic Analysis (BEA) calculates this seasonally adjusted series based on its quarterly PCE estimates.
Historical Context
The Federal Reserve and other institutions use real PCE growth to inform monetary and fiscal policy decisions.
Key Facts
- Real PCE accounts for over two-thirds of U.S. GDP.
- The growth rate reflects the year-over-year change in real personal consumption expenditures.
- This metric is a key indicator of the health of the consumer sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of real personal consumption expenditures (PCE), a key indicator of consumer spending and broader economic activity.
Q: Why is this trend relevant for users or analysts?
A: Real PCE growth is a widely tracked metric that reveals the health of the consumer sector, which is a crucial driver of the U.S. economy. Economists and policymakers use this data to assess the trajectory of the broader economy.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis (BEA) calculates this seasonally adjusted series based on its quarterly PCE estimates.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions use real PCE growth to inform monetary and fiscal policy decisions, as it provides insights into consumer spending and the overall strength of the economy.
Q: Are there update delays or limitations?
A: This series is released quarterly by the BEA, with a typical delay of several weeks after the end of the reference period. As with any economic data, there may be revisions to previous estimates.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly, Seasonally Adjusted (PRTSLRTCR03GYSAQ), retrieved from FRED.