Producer Prices Index: Type of Goods: Durable Consumer Goods: Domestic for Estonia
Growth rate same period previous year, Monthly
ESTPITGCD02GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.28
Year-over-Year Change
130.20%
Date Range
1/1/2003 - 12/1/2022
Summary
The 'Growth rate same period previous year, Monthly' trend measures the year-over-year change in total retail sales, 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
This monthly economic indicator tracks the percentage change in total retail and food services sales compared to the same month in the previous year. It is a key metric used by economists and policymakers to assess the health and trajectory of the U.S. consumer economy.
Methodology
The U.S. Census Bureau collects and calculates this data based on monthly surveys of retail establishments.
Historical Context
Analysts and institutions monitor this trend to gauge consumer confidence and make informed decisions about monetary and fiscal policies.
Key Facts
- The growth rate averaged 3.9% over the past 10 years.
- Retail sales account for nearly 70% of U.S. economic activity.
- This indicator is released monthly by the U.S. Census Bureau.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Monthly' tracks the year-over-year percentage change in total retail and food services sales in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into consumer spending and confidence, which are crucial indicators of overall economic health and activity.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects monthly survey data from retail establishments and calculates the year-over-year growth rate.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to gauge consumer behavior and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released monthly by the Census Bureau, with a typical delay of around two weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (ESTPITGCD02GYM), retrieved from FRED.