Chain-Type Quantity Index for Real GDP: Educational Services (61) in Colorado
Quarterly, Seasonally Adjusted
COEDCATQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.64
Year-over-Year Change
0.87%
Date Range
1/1/2005 - 1/1/2025
Summary
The 'Quarterly, Seasonally Adjusted' economic trend measures the value of total consumer spending on durable and non-durable goods and services in the United States. It is a key indicator of consumer demand and economic activity.
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 represents the total personal consumption expenditures (PCE) in the U.S., adjusted for seasonal variations. PCE is the primary measure of consumer spending, which accounts for the majority of overall economic activity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of consumer purchases.
Historical Context
Economists and policymakers closely monitor this trend to gauge the health of the consumer sector and make informed decisions about fiscal and monetary policy.
Key Facts
- PCE accounts for over two-thirds of U.S. GDP.
- Consumer spending has historically been a reliable indicator of economic growth.
- The 'Quarterly, Seasonally Adjusted' trend is released by the BEA each month.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of consumer spending on durable goods, non-durable goods, and services in the United States, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: Consumer spending is a crucial driver of economic activity, so this trend provides valuable insights into the health of the consumer sector and the overall economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of consumer purchases.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess consumer demand and make informed decisions about fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The 'Quarterly, Seasonally Adjusted' trend is released by the BEA each month, with a typical delay of one to two months from the end of the reported quarter.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (COEDCATQQGSP), retrieved from FRED.