Real Gross Domestic Product: Retail Trade (44-45) in Illinois
Quarterly, Seasonally Adjusted Annual Rate
ILRETAILRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52,454.60
Year-over-Year Change
23.90%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly Seasonally Adjusted Annual Rate (ILRETAILRQGSP) measures the quarterly retail sales in Illinois at an annualized, seasonally adjusted rate. This metric is a key indicator of consumer spending and economic activity in the state.
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 Quarterly Seasonally Adjusted Annual Rate (ILRETAILRQGSP) tracks the total dollar value of retail and food services sales in Illinois, adjusted for seasonal variations and annualized. This data provides insight into the health and trajectory of the state's consumer-driven economy.
Methodology
The data is collected through monthly surveys of a sample of retail and food services firms in Illinois.
Historical Context
Policymakers and analysts use this trend to gauge Illinois' economic performance and consumer confidence.
Key Facts
- Illinois retail sales totaled $58.3 billion in Q4 2022.
- Retail sales grew 3.2% in Illinois from Q3 to Q4 2022.
- E-commerce accounted for 15.4% of total Illinois retail sales in Q4 2022.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Seasonally Adjusted Annual Rate (ILRETAILRQGSP) measures the total dollar value of retail and food services sales in Illinois, adjusted for seasonal variations and annualized.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending and economic activity in Illinois, which is crucial for understanding the health and trajectory of the state's consumer-driven economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of a sample of retail and food services firms in Illinois.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to gauge Illinois' economic performance and consumer confidence, which informs decision-making and policy.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a lag of approximately one month after the end of the reference period.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (ILRETAILRQGSP), retrieved from FRED.