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Growth rate previous period, Quarterly, Seasonally Adjusted
SLRTCR03LUQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.87
Year-over-Year Change
-190.09%
Date Range
4/1/1962 - 7/1/2018
Summary
This economic indicator tracks the quarter-over-quarter growth rate of real personal consumption expenditures, a key measure of consumer spending in the U.S. economy.
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 of real personal consumption expenditures provides insights into the strength and direction of consumer demand, which is a crucial driver of overall economic activity.
Methodology
The data is calculated based on quarterly surveys of consumer spending by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is closely monitored by policymakers, analysts, and market participants for clues about the health of the broader economy.
Key Facts
- Consumer spending accounts for over two-thirds of U.S. GDP.
- The growth rate reached a high of 14.3% in Q2 2021 as the economy rebounded from the COVID-19 pandemic.
- Weak consumer spending can signal an economic slowdown or recession.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the quarter-over-quarter percentage change in real personal consumption expenditures, which represents the spending by U.S. households on goods and services.
Q: Why is this trend relevant for users or analysts?
A: The growth rate of consumer spending is a crucial indicator of economic health and consumer confidence, providing insights into the direction and momentum 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 based on quarterly surveys of consumer spending.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market participants closely monitor this metric to gauge the strength of consumer demand and make informed decisions about fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a lag of approximately one month after the end of the reference period. There may be revisions to historical data as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly, Seasonally Adjusted (SLRTCR03LUQ657S), retrieved from FRED.