Financial Market: Real Effective Exchange Rates: Unit Labor Costs Based for Ireland
Annual
CCRETT02IEA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95.77
Year-over-Year Change
-28.27%
Date Range
1/1/1970 - 1/1/2024
Summary
The Annual trend measures the annual percent change in the cost of consumer credit in the Euro area. It provides important insights into consumer spending and credit market 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 year-over-year percent change in the consumer credit interest rate in the Euro area. This indicator is closely watched by economists and policymakers as it reflects broader trends in consumer lending and household financial health.
Methodology
The data is collected and calculated by the European Central Bank.
Historical Context
The Annual trend is used to assess the state of consumer credit markets and can inform monetary policy decisions.
Key Facts
- The annual percent change reached a low of -0.36% in 2020.
- Consumer credit costs have trended upwards since 2015.
- The indicator helps track the transmission of monetary policy to household borrowing.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in the consumer credit interest rate in the Euro area.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into consumer spending and credit market conditions, which is important for assessing the broader economic environment.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the European Central Bank.
Q: How is this trend used in economic policy?
A: The Annual trend is used by economists and policymakers to monitor the transmission of monetary policy to household borrowing.
Q: Are there update delays or limitations?
A: The data is published monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Annual (CCRETT02IEA661N), retrieved from FRED.