Retail Sales: Food Services and Drinking Places
MRTSSM722USN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105,930.00
Year-over-Year Change
7.54%
Date Range
1/1/1992 - 5/1/2025
Summary
The Retail Sales: Food Services and Drinking Places trend measures monthly sales at U.S. food service and drinking establishments. It serves as a key indicator of consumer spending and economic activity.
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 retail sales category covers sales at restaurants, bars, and other food service businesses. It is closely watched by economists and policymakers as a gauge of consumer confidence and the health of the broader services sector.
Methodology
The data is collected through monthly surveys of retail establishments by the U.S. Census Bureau.
Historical Context
Retail sales in this category are an important input for Federal Reserve monetary policy decisions.
Key Facts
- Sales at food service and drinking establishments account for over $800 billion annually.
- This category represents about 25% of total U.S. retail sales.
- Retail sales in this sector declined sharply during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Retail Sales: Food Services and Drinking Places trend measures monthly sales at U.S. restaurants, bars, and other food service businesses.
Q: Why is this trend relevant for users or analysts?
A: This retail sales category is closely watched as a gauge of consumer confidence and spending in the important services sector of the economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail establishments by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Retail sales in this category are an important input for Federal Reserve monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-week delay after the end of the reference period.
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Citation
U.S. Federal Reserve, Retail Sales: Food Services and Drinking Places (MRTSSM722USN), retrieved from FRED.