Gross Domestic Product: Wholesale Trade (42) in Connecticut
Annual, Not Seasonally Adjusted
CTWHOLENGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,994.80
Year-over-Year Change
25.26%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the annual wholesale goods sales in the U.S. It provides insights into the overall health of the wholesale trade sector, which is a key component of the broader economy.
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 Wholesale Trade Sales indicator tracks the total value of goods sold by wholesalers to retailers, industrial users, and other wholesalers. It serves as an important barometer of business-to-business economic activity and consumer demand.
Methodology
The U.S. Census Bureau collects this data through monthly surveys of wholesale establishments.
Historical Context
Wholesale trade data is closely watched by economists, policymakers, and market analysts to assess economic trends and inform decision-making.
Key Facts
- Wholesale trade accounts for over 5% of U.S. GDP.
- The wholesale sector employs nearly 6 million people.
- Wholesale sales reached a record high of $7.1 trillion in 2022.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted wholesale trade sales indicator tracks the total value of goods sold by wholesalers to retailers, industrial users, and other wholesalers.
Q: Why is this trend relevant for users or analysts?
A: Wholesale trade data provides insights into overall business-to-business economic activity and consumer demand, making it a key indicator for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through monthly surveys of wholesale establishments.
Q: How is this trend used in economic policy?
A: Wholesale trade data is closely monitored by economists and policymakers to assess the overall health of the economy and inform decision-making.
Q: Are there update delays or limitations?
A: The wholesale trade data is reported monthly, with a typical release lag of around 6 weeks.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (CTWHOLENGSP), retrieved from FRED.