Sectoral Output for Retail Trade: Jewelry, Luggage, and Leather Goods Stores (NAICS 4483) in the United States
IPUHN4483T300000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52,845.00
Year-over-Year Change
63.49%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the output of retail trade in the jewelry, luggage, and leather goods sector in the United States. It provides insights into the performance and health of this key consumer-focused industry.
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 Sectoral Output for Retail Trade: Jewelry, Luggage, and Leather Goods Stores (NAICS 4483) in the United States is an important indicator for analyzing consumer demand, industry growth, and broader economic trends. It is closely watched by economists, policymakers, and industry analysts.
Methodology
The data is collected and calculated by the U.S. Federal Reserve as part of its industrial production index.
Historical Context
This trend is used to assess the health of consumer spending and the retail sector, which are vital components of the overall U.S. economy.
Key Facts
- The jewelry, luggage, and leather goods retail sector accounts for over $50 billion in annual sales in the U.S.
- This industry employs approximately 150,000 workers nationwide.
- Output in this sector has seen steady growth over the past decade, reflecting positive consumer trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the output or production levels of the jewelry, luggage, and leather goods retail sector in the United States, classified under NAICS code 4483.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into consumer spending patterns and the health of the retail industry, which are key indicators of broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve as part of its industrial production index.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess consumer demand, gauge retail sector performance, and inform decision-making on fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with some lag from the reference period, but it provides timely insights into this important economic sector.
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Citation
U.S. Federal Reserve, Sectoral Output for Retail Trade: Jewelry, Luggage, and Leather Goods Stores (NAICS 4483) in the United States (IPUHN4483T300000000), retrieved from FRED.