Work Started: Construction: Dwellings and Residential Buildings: Total for Canada
Number, Monthly, Seasonally Adjusted
CANWSCNDW01STSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,718.67
Year-over-Year Change
-19.21%
Date Range
1/1/1960 - 11/1/2023
Summary
The 'Number, Monthly, Seasonally Adjusted' metric tracks the monthly count of U.S. consumer credit card accounts. This provides important insights into consumer spending and economic health.
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 measures the total number of open and active consumer credit card accounts in the United States on a monthly basis, with seasonal adjustments. It is a key indicator of consumer lending activity and overall credit market conditions.
Methodology
The data is collected and published by the U.S. Federal Reserve through its G.19 Consumer Credit report.
Historical Context
Policymakers and analysts monitor this trend to gauge consumer confidence and spending patterns.
Key Facts
- The U.S. had over 500 million active credit card accounts as of 2022.
- Credit card debt reached a record high of $930 billion in 2022.
- Consumer credit growth is a leading indicator of economic activity.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of open and active consumer credit card accounts in the United States on a monthly basis, with seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: The number of credit card accounts is a key indicator of consumer lending activity and overall credit market conditions, providing insights into consumer spending and economic health.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Federal Reserve through its G.19 Consumer Credit report.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to gauge consumer confidence and spending patterns, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly by the Federal Reserve, with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Number, Monthly, Seasonally Adjusted (CANWSCNDW01STSAM), retrieved from FRED.