Production: Manufacturing: Consumer Goods: Non-Durable Goods for France
Annual, Seasonally Adjusted
PRMNCG03FRA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.84
Year-over-Year Change
2.23%
Date Range
1/1/1990 - 1/1/2018
Summary
This economic indicator measures the annual, seasonally adjusted value of imports of motor vehicles and parts into the United States. It provides insights into trade flows and consumer demand for automobiles.
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, Seasonally Adjusted imports of motor vehicles and parts series tracks the total value of these products entering the U.S. on an annualized basis, adjusted for seasonal variations. This metric is a key indicator of international trade and consumer spending in the automotive industry.
Methodology
The data is collected by the U.S. Census Bureau through its monthly surveys of international trade.
Historical Context
This trend is closely monitored by policymakers, economists, and industry analysts to assess the health of the U.S. automotive market and broader economic conditions.
Key Facts
- The U.S. imported over $300 billion in motor vehicles and parts in 2022.
- Automotive imports account for over 15% of total U.S. goods imports.
- China, Mexico, and Canada are the top sources of U.S. motor vehicle imports.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the annual, seasonally adjusted value of motor vehicle and parts imports to the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into international trade flows, consumer demand, and the health of the U.S. automotive industry.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through monthly surveys of international trade.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts monitor this indicator to assess broader economic conditions and the state of the automotive market.
Q: Are there update delays or limitations?
A: This data is released monthly by the Census Bureau with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (PRMNCG03FRA661S), retrieved from FRED.