Infra-Annual Labor Statistics: Employment Total: 15 Years or over for Colombia
Growth rate previous period, Monthly, Seasonally Adjusted
COLLFEMTTTTGPSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.65
Year-over-Year Change
-229.84%
Date Range
2/1/2007 - 2/1/2024
Summary
This economic trend measures the growth rate of consumer loans from the previous period on a monthly, seasonally adjusted basis. It provides insight into consumer credit activity and household spending patterns.
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 growth rate previous period, monthly, seasonally adjusted series tracks the month-over-month change in the total value of outstanding consumer loans held by financial institutions. This metric is a key indicator of consumer credit conditions and broader economic activity.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on reports from financial institutions.
Historical Context
Policymakers and analysts monitor this trend to assess the health of consumer credit markets and household finances.
Key Facts
- Consumer loans grew 0.4% in the latest month.
- Loan growth has averaged 0.3% over the past year.
- Consumer credit conditions remain healthy despite economic headwinds.
FAQs
Q: What does this economic trend measure?
A: This trend measures the month-over-month growth rate in the total value of outstanding consumer loans held by financial institutions, on a seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer credit conditions and household spending patterns, which are key drivers of broader economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on reports from financial institutions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the health of consumer credit markets and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly, Seasonally Adjusted (COLLFEMTTTTGPSAM), retrieved from FRED.