Nominal Private Sector Final Consumption Expenditure for Argentina
Annual, Not Seasonally Adjusted
NCPXDCARA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
389,379,582.40
Year-over-Year Change
22642.86%
Date Range
1/1/2004 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted economic trend measures changes in consumer spending on durable goods in the United States. This data is important for economists and policymakers to understand consumer behavior and broader economic conditions.
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 series represents the annual, not seasonally adjusted value of consumer expenditures on durable goods. Durable goods are products designed to last three years or more, such as automobiles, appliances, and electronics. Tracking this metric provides insights into consumer confidence and spending patterns.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Economic Analysis.
Historical Context
This economic indicator is closely monitored by the Federal Reserve and other policymakers to inform monetary and fiscal policies.
Key Facts
- Durable goods account for about 12% of total consumer spending.
- Consumer spending on durable goods is a leading indicator of economic health.
- The COVID-19 pandemic led to a sharp decline in durable goods spending in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures annual, not seasonally adjusted changes in consumer spending on durable goods in the United States.
Q: Why is this trend relevant for users or analysts?
A: Tracking durable goods spending provides important insights into consumer confidence and broader economic conditions.
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: This indicator is closely monitored by the Federal Reserve and other policymakers to inform monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but the annual, not seasonally adjusted figures may have a slight delay compared to the monthly releases.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (NCPXDCARA), retrieved from FRED.