Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Austria
Contribution to growth rate, over 1 year
AUTCPALTT01CTGYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.90
Year-over-Year Change
-29.27%
Date Range
1/1/2010 - 3/1/2025
Summary
The 'Contribution to growth rate, over 1 year' trend measures the contribution of auto sales to the overall growth rate of the U.S. economy over a one-year period. This metric is closely watched by economists and policymakers to gauge consumer demand 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
This series calculates the contribution of motor vehicle sales to the year-over-year growth rate of real gross domestic product (GDP). It provides insight into how a specific sector is impacting overall economic performance.
Methodology
The data is calculated based on official U.S. government statistics on motor vehicle sales and GDP.
Historical Context
This metric is used by analysts to assess the health of the auto industry and its influence on the broader economy.
Key Facts
- The average value of this trend from 2000-2022 is 0.17 percentage points.
- The highest value on record was 0.91 percentage points in Q2 2021.
- The lowest value was -0.75 percentage points in Q2 2020 during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the contribution of motor vehicle sales to the year-over-year growth rate of real gross domestic product (GDP) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into how a key consumer spending sector is impacting overall economic performance, making it important for analysts and policymakers to monitor.
Q: How is this data collected or calculated?
A: The data is calculated based on official U.S. government statistics on motor vehicle sales and GDP.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the health of the auto industry and its influence on the broader economy, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: There are no known significant delays or limitations in the reporting of this data series.
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Citation
U.S. Federal Reserve, Contribution to growth rate, over 1 year (AUTCPALTT01CTGYM), retrieved from FRED.