Labor Compensation: Labor Cost: Private Sector: Total for Sweden
Quarterly
LCLCPR01SEQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.82
Year-over-Year Change
10.18%
Date Range
1/1/1994 - 7/1/2023
Summary
The Quarterly Economic Trends indicator measures the quarterly growth rate of real personal consumption expenditures, a key component of GDP and a vital gauge of consumer economic activity.
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 economic series tracks the quarterly percent change in real personal consumption expenditures, which represents household spending on goods and services. It is a core metric used by economists and policymakers to assess the strength and trajectory of the U.S. consumer economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of household spending.
Historical Context
Quarterly growth in consumer spending is closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Key Facts
- Consumer spending accounts for over two-thirds of U.S. GDP.
- The quarterly growth rate averaged 0.54% from 1947 to 2022.
- Negative growth in consumer spending often signals an economic recession.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Economic Trends indicator tracks the quarterly percent change in real personal consumption expenditures, which represents household spending on goods and services.
Q: Why is this trend relevant for users or analysts?
A: Consumer spending is a vital component of economic growth, so this metric provides important insights into the strength and trajectory of the U.S. consumer 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 household spending.
Q: How is this trend used in economic policy?
A: Quarterly growth in consumer spending is closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is typically released with a lag of several weeks, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Quarterly Economic Trends (LCLCPR01SEQ661N), retrieved from FRED.