SNAP Benefits Recipients in Virginia
Monthly
BRVA51M647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
846,829.00
Year-over-Year Change
4.04%
Date Range
1/1/1981 - 6/1/2023
Summary
The 'Monthly' economic trend measures the retail sales of beer, wine, and distilled spirits in the United States. This metric is crucial for understanding consumer spending patterns and the overall health of the beverage alcohol industry.
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 'Monthly' retail sales trend tracks the total dollar value of beer, wine, and distilled spirits sold at stores, bars, and restaurants across the U.S. on a monthly basis. This data provides insights into consumer demand and purchasing behavior within the alcoholic beverage market.
Methodology
The data is collected through surveys of retail establishments and compiled by the U.S. Census Bureau.
Historical Context
Policymakers and industry analysts use this metric to monitor economic conditions and consumer trends.
Key Facts
- Beer, wine, and spirits sales account for over $250 billion in annual U.S. retail revenue.
- The alcoholic beverage industry employs more than 4 million people in the United States.
- Retail sales of alcoholic beverages have increased by 25% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'Monthly' trend measures the total retail sales of beer, wine, and distilled spirits in the United States on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into consumer spending patterns and the overall health of the alcoholic beverage industry, which is a key part of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this metric to monitor economic conditions and consumer trends within the alcoholic beverage market.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical 1-2 month delay between the reference period and publication.
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Citation
U.S. Federal Reserve, Monthly (BRVA51M647NCEN), retrieved from FRED.