Composite Leading Indicators: Composite Leading Indicator (CLI) Trend Restored for Canada
Growth rate same period previous year
CANLOLITOTRGYSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.51
Year-over-Year Change
-117.25%
Date Range
2/1/1962 - 11/1/2023
Summary
This economic trend measures the year-over-year growth rate of total retail and food services sales in Canada. It provides insights into the strength and direction of consumer spending, a key driver of 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 growth rate same period previous year tracks the annual percent change in total retail and food services sales in Canada compared to the same month in the prior year. This metric is used by economists and policymakers to assess the health of the Canadian consumer and the broader economy.
Methodology
The data is collected through monthly surveys of Canadian retail and food services businesses.
Historical Context
Analyzing this trend helps inform monetary and fiscal policy decisions that can impact consumer spending and economic growth.
Key Facts
- Canada's retail and food services sales grew 5.4% year-over-year in January 2023.
- The growth rate has averaged 4.2% over the past 5 years.
- E-commerce sales made up 5.7% of total retail trade in Canada in 2022.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in total retail and food services sales in Canada, providing insights into consumer spending patterns.
Q: Why is this trend relevant for users or analysts?
A: Tracking the growth rate of retail sales is crucial for understanding the health of the Canadian consumer and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of Canadian retail and food services businesses.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this trend to inform monetary and fiscal policy decisions that can impact consumer spending and economic growth.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical 6-week lag between the reference month and publication.
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Citation
U.S. Federal Reserve, Growth rate same period previous year (CANLOLITOTRGYSAM), retrieved from FRED.