Growth Rate Previous Period, Trend, Annual, Not Seasonally Adjusted
ULQBBU04O1A658N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.03
Year-over-Year Change
-74.03%
Date Range
1/1/1971 - 1/1/2010
Summary
This economic trend measures the year-over-year growth rate of the Unsold New Light Trucks and Utility Vehicles indicator. It provides insight into consumer demand and production levels in the automotive industry.
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 Growth Rate Previous Period, Trend, Annual, Not Seasonally Adjusted metric tracks the annual change in the Unsold New Light Trucks and Utility Vehicles indicator. This data point is used by economists and policymakers to gauge consumer purchasing power and manufacturer inventory levels in the light truck and utility vehicle segment.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on industry reports.
Historical Context
This trend is relevant for analyzing consumer confidence, production planning, and economic growth policies.
Key Facts
- The growth rate is measured on an annual, not seasonally adjusted basis.
- This metric provides insight into consumer purchasing power and inventory levels.
- The data is collected and reported by the U.S. Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of the Unsold New Light Trucks and Utility Vehicles indicator, providing insight into consumer demand and production levels in the automotive industry.
Q: Why is this trend relevant for users or analysts?
A: This trend is used by economists and policymakers to gauge consumer purchasing power and manufacturer inventory levels in the light truck and utility vehicle segment, which is relevant for analyzing consumer confidence, production planning, and economic growth policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on industry reports.
Q: How is this trend used in economic policy?
A: This trend is relevant for analyzing consumer confidence, production planning, and economic growth policies.
Q: Are there update delays or limitations?
A: The data is reported on an annual, not seasonally adjusted basis, which may result in some update delays or limitations for analysts.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Trend, Annual, Not Seasonally Adjusted (ULQBBU04O1A658N), retrieved from FRED.