Labor Compensation: Earnings: Manufacturing: Hourly for Luxembourg
Quarterly
LCEAMN01LUQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.12
Year-over-Year Change
-70.03%
Date Range
1/1/1981 - 7/1/2024
Summary
The Quarterly Consumption of Motor Vehicles and Parts indicator tracks consumer spending on motor vehicles and related parts in the U.S. It is a key economic metric that reflects consumer demand and 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
This indicator measures the total quarterly consumer expenditures on new and used motor vehicles, as well as parts and accessories. It provides insight into consumer purchasing patterns and overall economic health.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this trend to gauge consumer behavior and make informed decisions about fiscal and monetary policies.
Key Facts
- Motor vehicle and parts consumption accounts for about 3.5% of total U.S. consumer spending.
- Quarterly consumption of motor vehicles and parts reached a peak of $566 billion in Q4 2020.
- This indicator is considered a leading economic indicator, as changes in consumer spending on vehicles often precede broader economic trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total quarterly consumer expenditures on new and used motor vehicles, as well as parts and accessories in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into consumer demand and confidence, which are key factors in evaluating the overall health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to gauge consumer behavior and make informed decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a delay of approximately one month after the end of the reporting period.
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Citation
U.S. Federal Reserve, Quarterly Consumption of Motor Vehicles and Parts (LCEAMN01LUQ659S), retrieved from FRED.