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Annual
CCUSSP01IEA650N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.11
Year-over-Year Change
-14.60%
Date Range
1/1/1960 - 1/1/2023
Summary
The Annual Percentage Change in Consumer Spending on Recreational Goods and Vehicles measures the year-over-year change in consumer expenditures on items like sports equipment, toys, and motor vehicles.
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 indicator provides insight into consumer demand and sentiment, which are important factors for economic growth and policymaking. It is widely tracked by economists, businesses, and government agencies to understand broader consumption trends.
Methodology
The data is collected through the U.S. Bureau of Economic Analysis's Personal Consumption Expenditures survey.
Historical Context
Policymakers and market analysts use this metric to assess the health of the consumer sector and overall economic conditions.
Key Facts
- Consumer spending on recreational goods and vehicles accounts for over 6% of total U.S. personal consumption expenditures.
- This metric has averaged 4.2% annual growth over the past 20 years.
- Rapid changes in this indicator can signal shifts in consumer confidence and economic momentum.
FAQs
Q: What does this economic trend measure?
A: The Annual Percentage Change in Consumer Spending on Recreational Goods and Vehicles tracks the year-over-year change in consumer expenditures on items like sports equipment, toys, and motor vehicles.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into consumer demand and sentiment, which are important factors for economic growth and policymaking. It is widely tracked by economists, businesses, and government agencies to understand broader consumption trends.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Economic Analysis's Personal Consumption Expenditures survey.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this metric to assess the health of the consumer sector and overall economic conditions.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Annual Percentage Change in Consumer Spending on Recreational Goods and Vehicles (CCUSSP01IEA650N), retrieved from FRED.