Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Sweden
Quarterly
SWECP030000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
210.86
Year-over-Year Change
17.67%
Date Range
1/1/1980 - 7/1/2023
Summary
The Quarterly economic trend tracks changes in U.S. personal consumption expenditures on services, which is a key indicator of consumer activity and broader economic conditions.
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 Quarterly services consumption trend represents the inflation-adjusted value of services purchased by U.S. consumers. It is a major component of GDP and a widely watched metric for understanding consumer spending patterns and economic growth.
Methodology
The data is collected via surveys of businesses and households by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is closely monitored by policymakers, economists, and financial markets to assess consumer demand and guide economic policy decisions.
Key Facts
- Quarterly services consumption accounts for over two-thirds of U.S. GDP.
- Services spending tends to be more stable than goods consumption during economic cycles.
- The services sector makes up the largest portion of the U.S. economy.
FAQs
Q: What does this economic trend measure?
A: The Quarterly trend tracks inflation-adjusted changes in U.S. consumer spending on services, which includes categories like healthcare, recreation, and transportation.
Q: Why is this trend relevant for users or analysts?
A: Services consumption is a crucial indicator of overall economic health and consumer demand, making this trend highly relevant for policymakers, investors, and economists.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses and households.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor services consumption trends to gauge consumer confidence and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The Quarterly services consumption data is released with a delay of approximately one month following the end of each quarter.
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Citation
U.S. Federal Reserve, Quarterly (SWECP030000IXNBQ), retrieved from FRED.