Federal government expenditures: Timing differences: Other (NIPA vs. Budget)
Annual
W708MC1A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.49
Year-over-Year Change
-1258.13%
Date Range
1/1/1968 - 1/1/2023
Summary
The 'Annual' series measures the annual rate of change in the U.S. personal consumption expenditures, a key indicator of consumer spending 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 'Annual' series tracks the year-over-year percent change in personal consumption expenditures, which account for over two-thirds of U.S. economic activity. This metric is widely used by economists and policymakers to gauge consumer demand and inflationary pressures.
Methodology
This data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
The 'Annual' metric provides important context for the Federal Reserve's monetary policy decisions and analysts' assessments of the broader economic outlook.
Key Facts
- Consumer spending accounts for over two-thirds of U.S. GDP.
- The 'Annual' metric has averaged 3.3% over the past 20 years.
- Year-over-year PCE growth is a key indicator monitored by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The 'Annual' series measures the year-over-year percent change in U.S. personal consumption expenditures, a key indicator of consumer demand and economic growth.
Q: Why is this trend relevant for users or analysts?
A: The 'Annual' metric provides important insights into consumer spending patterns and inflationary pressures, which are crucial for economic policymaking and market analysis.
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: The 'Annual' metric is closely monitored by the Federal Reserve and other policymakers to inform monetary policy decisions and assessments of the broader economic outlook.
Q: Are there update delays or limitations?
A: The 'Annual' data is published on a monthly basis with a typical lag of one to two months.
Related Trends
Contributions to Percent Change in National Defense Consumption Expenditures and Gross Investment: Consumption expenditures: Gross output of general government
W085RN2A224NBEA
Government social insurance funds: Current federal expenditures: Administrative expenses (consumption expenditures)
L313091A027NBEA
Federal grants-in-aid to state and local governments: Economic affairs: Other economic affairs
W695RC1A027NBEA
State Government Tax Collections, Corporation Net Income Taxes in the United States
USCORPINCTX
Government enterprise gross fixed investment: State and local
A886RC1A027NBEA
Contributions for government social insurance: Employee and self-employed contributions: Federal social insurance funds: Old-age, survivors, disability, and hospital insurance: Employees
A1587C1A027NBEA
Citation
U.S. Federal Reserve, Annual (W708MC1A027NBEA), retrieved from FRED.