Financial Market: Real Effective Exchange Rates: CPI Based for Sweden
Annual
CCRETT01SEA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
88.39
Year-over-Year Change
-19.95%
Date Range
1/1/1970 - 1/1/2024
Summary
The Annual trend measures the year-over-year change in consumer credit outstanding in the United States. It is a key indicator of consumer spending and financial 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
The Annual trend tracks the annual percent change in total consumer credit, which includes revolving credit (such as credit cards) and non-revolving credit (such as auto loans and student loans). This metric provides insight into the overall health of household finances and consumer demand.
Methodology
The data is collected and calculated by the Federal Reserve based on surveys of financial institutions.
Historical Context
Policymakers and analysts use this trend to assess the state of the consumer economy and make informed decisions.
Key Facts
- Consumer credit outstanding reached a record high in 2022.
- Revolving credit (credit cards) accounts for about a third of total consumer credit.
- Annual consumer credit growth has fluctuated between -5% and +10% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in total consumer credit outstanding in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending patterns and the overall health of household finances, which are key factors for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Federal Reserve based on surveys of financial institutions.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the state of the consumer economy and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of about 2 months.
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Citation
U.S. Federal Reserve, Annual (CCRETT01SEA661N), retrieved from FRED.