Sales: Retail Trade: Car Registration: Passenger Cars for Estonia
Growth rate same period previous year, Monthly, Seasonally Adjusted
ESTSLRTCR03GYSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-16.55
Year-over-Year Change
-112.14%
Date Range
1/1/2004 - 12/1/2023
Summary
This economic trend measures the year-over-year growth rate in total retail sales, adjusted for seasonal variations. It provides insight into the overall health and trajectory 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 (Monthly, Seasonally Adjusted) is a closely watched metric that tracks the change in total retail and food services sales compared to the same month in the prior year. This helps economists and policymakers assess broader consumer demand and confidence trends.
Methodology
The U.S. Census Bureau collects retail sales data from a sample of businesses and calculates this seasonally adjusted growth rate.
Historical Context
Retail sales and consumer spending data are used to inform monetary and fiscal policy decisions.
Key Facts
- Retail sales account for about 40% of total consumer spending in the U.S.
- The growth rate reached a low of -22.4% in April 2020 due to the COVID-19 pandemic.
- Consumer spending makes up over two-thirds of U.S. gross domestic product (GDP).
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the year-over-year change in total retail and food services sales, adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: Retail sales and consumer spending are critical inputs for assessing the overall health of the economy, making this a key metric for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects retail sales data from a sample of businesses and calculates this seasonally adjusted growth rate.
Q: How is this trend used in economic policy?
A: Retail sales data, including this growth rate, informs monetary and fiscal policy decisions by providing insights into consumer demand and confidence.
Q: Are there update delays or limitations?
A: This data is released monthly by the Census Bureau, with a typical 2-week delay from the end of the reference period.
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Citation
U.S. Census Bureau, Growth rate same period previous year, Monthly, Seasonally Adjusted (ESTSLRTCR03GYSAM), retrieved from FRED.