Real Gross Domestic Product: All Industry Total in Connecticut
Annual, Not Seasonally Adjusted
CTRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
294,027.60
Year-over-Year Change
11.52%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted trend measures total retail and food services sales in the United States. It provides insight into the strength of consumer spending, a key driver of 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, Not Seasonally Adjusted trend captures total U.S. retail and food services sales on an annual basis, without adjusting for seasonal fluctuations. It is a comprehensive indicator of consumer demand and a crucial metric for analyzing the health of the broader economy.
Methodology
The data is collected through monthly surveys of retail and food service businesses across the United States.
Historical Context
Policymakers and economists closely monitor this trend to gauge consumer confidence and make informed decisions about fiscal and monetary policy.
Key Facts
- Total U.S. retail and food services sales reached $6.6 trillion in 2022.
- Retail sales account for over 30% of the U.S. gross domestic product.
- The trend has shown steady growth over the past decade, with occasional dips during economic downturns.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures the total value of retail and food services sales in the United States on an annual basis, without adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a comprehensive view of consumer spending, which is a crucial driver of economic growth. It is closely monitored by policymakers, economists, and market analysts to gauge the overall health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail and food service businesses across the United States.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess consumer confidence and make informed decisions about fiscal and monetary policy, such as interest rates and government spending.
Q: Are there update delays or limitations?
A: The Annual, Not Seasonally Adjusted trend is typically released with a 1-2 month delay, as the underlying data is collected through monthly surveys. There may also be revisions to historical data as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (CTRGSP), retrieved from FRED.