Sales: Retail Trade: Car Registration: Passenger Cars for Estonia
Number, Monthly level, Monthly, Not Seasonally Adjusted
ESTSLRTCR03MLM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,827.00
Year-over-Year Change
27.94%
Date Range
1/1/2003 - 11/1/2023
Summary
This economic trend measures the monthly level of retail sales for stores selling recreational goods in the United States. It provides insight into consumer spending patterns and the overall health of the retail sector.
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 Retail Sales: Recreational Goods Stores metric tracks the sales volume at stores primarily engaged in selling sporting goods, hobby items, musical instruments, and books. It is a key indicator of consumer behavior and can signal changes in economic conditions.
Methodology
The data is collected through monthly surveys of retail establishments by the U.S. Census Bureau.
Historical Context
Economists and policymakers monitor this trend to assess consumer confidence and make informed decisions.
Key Facts
- Retail sales of recreational goods account for around 4% of total retail sales.
- The trend reached a record high of $47.4 billion in March 2022.
- Recreational goods sales are sensitive to changes in consumer confidence and disposable income.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly level of retail sales for stores selling recreational goods, including sporting goods, hobby items, musical instruments, and books.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into consumer spending patterns and the overall health of the retail sector, which is a crucial component of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail establishments by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess consumer confidence and make informed decisions about economic policy, such as interest rates and fiscal measures.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of around two weeks from the end of the reference month.
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Citation
U.S. Federal Reserve, Retail Sales: Recreational Goods Stores (ESTSLRTCR03MLM), retrieved from FRED.