SNAP Benefits Recipients in Connecticut
Monthly
BRCT09M647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
398,838.00
Year-over-Year Change
4.85%
Date Range
1/1/1981 - 6/1/2023
Summary
The Monthly Retail Sales Index measures changes in total retail sales over time, providing insights into 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
The Monthly Retail Sales Index is a key economic indicator that tracks the total value of retail sales across a broad range of merchandise categories in the United States. It is closely monitored by economists and policymakers to assess the strength of consumer demand and overall economic conditions.
Methodology
The data is collected through monthly surveys of retail businesses.
Historical Context
The index is used to inform monetary and fiscal policy decisions.
Key Facts
- Retail sales account for nearly 70% of U.S. economic activity.
- The index covers over 3 million retail establishments.
- Retail sales data is released monthly by the U.S. Census Bureau.
FAQs
Q: What does this economic trend measure?
A: The Monthly Retail Sales Index measures the total value of retail sales across a broad range of merchandise categories in the United States.
Q: Why is this trend relevant for users or analysts?
A: The index is a key indicator of consumer spending and economic activity, providing insights that are important for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail businesses conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The Monthly Retail Sales Index is closely monitored by the Federal Reserve and other policymakers to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The index is released monthly, with a typical release lag of around two weeks.
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Citation
U.S. Federal Reserve, Monthly Retail Sales Index (BRCT09M647NCEN), retrieved from FRED.