Labor Compensation: Earnings: All Activities: Hourly for Estonia
Index 2015=100, Annual, Seasonally Adjusted
LCEATT01EEA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
150.25
Year-over-Year Change
104.62%
Date Range
1/1/2002 - 1/1/2022
Summary
The 'Index 2015=100, Annual, Seasonally Adjusted' trend measures the overall level of consumer expenditures in the Euro area. It is a key indicator of economic activity and consumer demand.
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 index tracks the total amount spent by consumers on goods and services in the Euro area, with 2015 as the base year. It is seasonally adjusted and reported annually, providing an authoritative measure of consumer spending patterns.
Methodology
The data is collected through household surveys and other sources by Eurostat, the statistical office of the European Union.
Historical Context
Policymakers and analysts closely monitor this index to assess the health of the Euro area economy and consumer confidence.
Key Facts
- The index is set to a base year of 2015 = 100.
- Consumer spending accounts for over 50% of GDP in the Euro area.
- The index is updated annually with a typical 3-month lag.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total level of consumer expenditures in the Euro area, providing an overall indicator of consumer demand and economic activity.
Q: Why is this trend relevant for users or analysts?
A: Consumer spending is a critical driver of economic growth, so this index is closely watched by policymakers, investors, and analysts to assess the health of the Euro area economy.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and other sources by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Policymakers and central banks monitor this index to gauge consumer confidence and demand, which informs decisions on interest rates, fiscal policy, and other economic interventions.
Q: Are there update delays or limitations?
A: The index is updated annually with a typical 3-month lag, and may be subject to revisions as more complete data becomes available.
Related Trends
Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 24 Years for Estonia
LFWA24TTEEQ647S
Harmonized Index of Consumer Prices: Overall Index Excluding Frequent Out-of-Pocket Purchases for Estonia
00XFROEEM086NEST
Infra-Annual Labor Statistics: Employment Rate Male: From 15 to 24 Years for Estonia
LREM24MAEEA156N
Harmonized Index of Consumer Prices: Footwear for Estonia
CP0320EEM086NEST
Consumer Price Index: Transport (COICOP 07): Total for Estonia
ESTCP070000IXNBQ
Infra-Annual Labor Statistics: Labor Force Participation Rate Female: 15 Years or over for Estonia
LRACTTFEEEQ156S
Citation
U.S. Federal Reserve, Index 2015=100, Annual, Seasonally Adjusted (LCEATT01EEA661S), retrieved from FRED.