Chain-Type Quantity Index for Real GDP: Mining, Quarrying, and Oil and Gas Extraction (21) in Colorado
Annual, Not Seasonally Adjusted
COMINQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.24
Year-over-Year Change
80.99%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted economic trend measures changes in consumer spending on goods and services in the United States. It is a key indicator of overall economic activity and consumer confidence.
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, Not Seasonally Adjusted trend represents year-over-year changes in real personal consumption expenditures, a broad measure of consumer spending in the U.S. economy. It is often used by economists and policymakers to assess the strength of consumer demand and the health of the broader economy.
Methodology
This data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of consumer spending.
Historical Context
Consumer spending trends are closely monitored by the Federal Reserve and other policymakers to inform monetary and fiscal policy decisions.
Key Facts
- Consumer spending accounts for over two-thirds of U.S. economic activity.
- Real personal consumption expenditures grew by 3.2% in 2022.
- The Annual, Not Seasonally Adjusted trend reached a record high in 2021.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures year-over-year changes in real personal consumption expenditures, which include spending on goods and services by U.S. consumers.
Q: Why is this trend relevant for users or analysts?
A: Consumer spending is a critical driver of economic growth, so this trend provides important insights into the strength of consumer demand and the overall health of the U.S. 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 spending.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers closely monitor consumer spending trends to inform monetary and fiscal policy decisions aimed at promoting economic stability and growth.
Q: Are there update delays or limitations?
A: The Annual, Not Seasonally Adjusted data is released quarterly with a lag of approximately one month, so there may be a delay in accessing the most recent information.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (COMINQGSP), retrieved from FRED.