Producer Prices Index: Economic Activities: Domestic Manufacturing for Sweden
Quarterly
PIEAMP02SEQ659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.14
Year-over-Year Change
-228.84%
Date Range
1/1/1976 - 10/1/2020
Summary
The Quarterly Personal Consumption Expenditures: Motor Vehicles and Parts (Annualized) is a key measure of consumer spending on automobiles and related products in the United States.
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 trend tracks the value of personal consumption expenditures for motor vehicles and parts on a quarterly basis, adjusted for seasonality and annualized. It provides insight into consumer demand and preferences in the automotive sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
This trend is closely monitored by economists, policymakers, and industry analysts to assess the health of the broader economy and consumer markets.
Key Facts
- The trend is reported on a quarterly basis.
- Annualized data adjusts for seasonal variations.
- It measures consumer spending on automobiles and related products.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Personal Consumption Expenditures: Motor Vehicles and Parts (Annualized) measures consumer spending on automobiles, parts, and related products in the United States on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into consumer demand and preferences in the automotive sector, which is a key driver of the broader economy. It is closely monitored by economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the health of the consumer market and overall economic conditions. It informs decision-making and policy interventions related to the automotive industry and consumer spending.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a lag of approximately one month after the end of the reference quarter. There may be revisions to historical data as more complete information becomes available.
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Citation
U.S. Federal Reserve, Quarterly Personal Consumption Expenditures: Motor Vehicles and Parts (Annualized) (PIEAMP02SEQ659N), retrieved from FRED.