Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Australia
Growth rate same period previous year, Annual, Seasonally Adjusted
ODCNPI03AUA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.40
Year-over-Year Change
384.30%
Date Range
1/1/1956 - 1/1/2024
Summary
This economic indicator tracks the year-over-year growth rate of the U.S. Nominal Disposable Personal Income, which is a key measure of consumer purchasing power and economic growth.
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 growth rate same period previous year for Nominal Disposable Personal Income provides insight into changes in consumer spending power and the overall trajectory of the U.S. economy. It is a widely followed metric by economists, policymakers, and financial analysts.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This indicator is used to inform monetary and fiscal policy decisions.
Key Facts
- The growth rate is expressed as a percentage change.
- Nominal Disposable Personal Income includes all income available to households after taxes.
- This metric is a reliable predictor of future consumer spending and GDP growth.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the year-over-year growth rate of U.S. Nominal Disposable Personal Income, which represents the total income available to households after taxes.
Q: Why is this trend relevant for users or analysts?
A: The growth rate of Nominal Disposable Personal Income is a key indicator of consumer purchasing power and a predictor of future economic activity, making it highly relevant for economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated 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 policy decisions that aim to promote economic growth and stability.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of approximately one month, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual, Seasonally Adjusted (ODCNPI03AUA659S), retrieved from FRED.