Gross Domestic Product: Educational Services (61) in Arizona
Annual, Not Seasonally Adjusted
AZEDCATNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,700.60
Year-over-Year Change
54.68%
Date Range
1/1/1997 - 1/1/2024
Summary
This trend measures the annual, not seasonally adjusted level of auto sales in the United States. It is an important indicator of consumer demand and economic activity.
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, Not Seasonally Adjusted auto sales trend represents the total number of light vehicle sales in the U.S. over a 12-month period, without adjusting for seasonal factors. It provides a comprehensive view of the auto market's performance and consumer purchasing behavior.
Methodology
The data is collected by the Federal Reserve through surveys of auto manufacturers and dealerships.
Historical Context
This metric is closely watched by economists, policymakers, and industry analysts to gauge the health of the broader economy.
Key Facts
- Auto sales account for a significant portion of consumer spending in the U.S.
- The auto industry is a major employer and driver of economic growth.
- Trends in auto sales can signal shifts in consumer confidence and broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of light vehicle sales in the United States over a 12-month period, without adjusting for seasonal factors.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of consumer demand and overall economic activity, providing insights into the health of the automotive industry and the broader economy.
Q: How is this data collected or calculated?
A: The data is collected by the Federal Reserve through surveys of auto manufacturers and dealerships.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and industry analysts closely monitor this metric to gauge consumer confidence, spending patterns, and the overall state of the economy.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted auto sales data may be subject to revisions and updates as additional information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (AZEDCATNGSP), retrieved from FRED.