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Annual
CCUSSP02RUA650N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
70.34
Year-over-Year Change
130.79%
Date Range
1/1/1992 - 1/1/2022
Summary
The Annual trend measures the annual percentage change in sales of consumer products and services in the United States. This metric is a key indicator of consumer spending and overall 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
The Annual trend tracks the year-over-year change in consumer spending, which accounts for over two-thirds of U.S. economic activity. It provides important insights into consumer confidence, inflationary pressures, and the broader macroeconomic environment.
Methodology
The data is collected through surveys of retail establishments and service providers across the country.
Historical Context
Policymakers and analysts closely monitor the Annual trend to assess the state of the economy and guide fiscal and monetary policy decisions.
Key Facts
- The Annual trend reached a record high of 23.6% in April 2021.
- Consumer spending accounts for over 68% of U.S. GDP.
- The Annual trend is published monthly by the U.S. Census Bureau.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percentage change in sales of consumer products and services in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend is a crucial indicator of consumer spending and confidence, which drives a significant portion of the U.S. economy. It provides valuable insights for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data for the Annual trend is collected through surveys of retail establishments and service providers across the country.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor the Annual trend to assess the state of the economy and guide fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The Annual trend is published monthly by the U.S. Census Bureau, with a typical data release lag of around one month.
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Citation
U.S. Federal Reserve, Annual (CCUSSP02RUA650N), retrieved from FRED.