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Index 2015=100, Quarterly
TURCCUSMA02IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,047.59
Year-over-Year Change
262.38%
Date Range
1/1/1960 - 10/1/2023
Summary
The Quarterly Consumption Expenditure Index measures changes in personal consumption expenditures, a key indicator of economic activity and consumer demand.
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 index tracks inflation-adjusted changes in consumer spending across durable and non-durable goods, as well as services, providing insights into the health of the broader economy.
Methodology
The data is collected through household surveys and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this index to inform economic decision-making and forecast consumer trends.
Key Facts
- The index has a base year of 2015 = 100.
- Quarterly data is released with a 2-month lag.
- Consumer spending accounts for over 65% of U.S. GDP.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Quarterly measures changes in personal consumption expenditures, which includes spending on durable goods, non-durable goods, and services.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into the health of consumer demand, a crucial driver of economic growth. It is closely monitored by policymakers and economists to inform decision-making.
Q: How is this data collected or calculated?
A: The data is collected through household surveys by the U.S. Bureau of Economic Analysis and calculated as an index with a base year of 2015.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to gauge consumer confidence, forecast economic activity, and inform decisions related to monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The index is released quarterly with a 2-month lag, and the data may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Index 2015=100, Quarterly (TURCCUSMA02IXOBQ), retrieved from FRED.