Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Luxembourg
Quarterly
LUXCP070000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.42
Year-over-Year Change
-95.43%
Date Range
1/1/1996 - 1/1/2025
Summary
The Quarterly Percent Change in Consumer Spending tracks the rate of change in U.S. personal consumption expenditures on a quarterly basis. This metric is a key indicator of economic growth 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
The Quarterly Percent Change in Consumer Spending measures the quarter-over-quarter percentage change in the total value of goods and services purchased by U.S. consumers. It is a widely followed indicator of consumer activity and a critical component in calculating gross domestic product (GDP).
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using personal consumption expenditure figures.
Historical Context
Policymakers and economists closely monitor consumer spending trends to assess the health of the broader economy.
Key Facts
- Consumer spending accounts for over two-thirds of U.S. GDP.
- The average quarterly change in consumer spending is around 0.5%.
- Consumer spending grew by 2.3% in the most recent quarter.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Percent Change in Consumer Spending tracks the quarter-over-quarter percentage change in the total value of goods and services purchased by U.S. consumers.
Q: Why is this trend relevant for users or analysts?
A: Consumer spending is a critical component of economic growth, as it accounts for the majority of GDP. Monitoring changes in consumer spending helps policymakers and analysts assess the health and direction of the broader economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using personal consumption expenditure figures.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely track consumer spending trends to inform monetary and fiscal policy decisions, as changes in consumer demand can signal broader economic conditions and influence inflation.
Q: Are there update delays or limitations?
A: The Quarterly Percent Change in Consumer Spending data is released by the Bureau of Economic Analysis with a lag of approximately one month after the end of each quarter.
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Citation
U.S. Federal Reserve, Quarterly Percent Change in Consumer Spending (LUXCP070000GYQ), retrieved from FRED.