Real Manufacturing and Trade Industries Sales
Millions of Chained 2017 Dollars, Quarterly
CQRMTSPL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,557,059.00
Year-over-Year Change
5.34%
Date Range
1/1/1967 - 1/1/2025
Summary
This economic trend measures the value of total real personal consumption expenditures (PCE) in the United States, adjusted for inflation. It is a key indicator of consumer demand and economic growth.
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 Millions of Chained 2017 Dollars, Quarterly metric tracks the total inflation-adjusted spending by U.S. consumers on goods and services. It is a widely followed indicator of household consumption and an important component of GDP.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Economists and policymakers closely monitor this PCE trend to assess the strength of consumer spending and its impact on the broader economy.
Key Facts
- The series is published quarterly by the U.S. Bureau of Economic Analysis.
- Real PCE accounts for over two-thirds of U.S. gross domestic product.
- Chained 2017 dollars adjust for inflation using a chain-type price index.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total real (inflation-adjusted) personal consumption expenditures in the United States on goods and services, expressed in millions of chained 2017 dollars.
Q: Why is this trend relevant for users or analysts?
A: Real PCE is a key indicator of consumer demand and a major component of GDP, making it highly relevant for economists, policymakers, and analysts assessing the 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.
Q: How is this trend used in economic policy?
A: Policymakers at the Federal Reserve and other institutions closely monitor real PCE to gauge consumer spending and its implications for economic growth, inflation, and monetary policy decisions.
Q: Are there update delays or limitations?
A: The Millions of Chained 2017 Dollars, Quarterly data is published on a quarterly basis by the Bureau of Economic Analysis, with a typical release delay of one to two months.
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Citation
U.S. Federal Reserve, Millions of Chained 2017 Dollars, Quarterly (CQRMTSPL), retrieved from FRED.