Real Sectoral Output for Retail Trade: Pet and Pet Supplies Stores (NAICS 453910) in the United States
IPUHN453910T010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.00
Year-over-Year Change
55.56%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the real output of the retail trade sector for pet and pet supplies stores in the United States. It provides important insights into consumer demand and spending patterns in this key segment of the economy.
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 Real Sectoral Output for Retail Trade: Pet and Pet Supplies Stores (NAICS 453910) in the United States is an index that tracks the real, inflation-adjusted value of output from this specific retail industry. It is a key indicator of economic activity and consumer behavior in the pet care market.
Methodology
The data is collected and calculated by the U.S. Federal Reserve using production and sales information from businesses in this sector.
Historical Context
This trend is closely monitored by economists, policymakers, and industry analysts to gauge consumer spending and the overall health of the retail trade sector.
Key Facts
- The pet care industry in the U.S. is worth over $100 billion annually.
- Americans own approximately 90 million pet dogs and 94 million pet cats.
- E-commerce has become a significant sales channel for pet supplies in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted output or production of the retail trade sector specifically for pet and pet supplies stores in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into consumer demand and spending patterns in the pet care industry, which is a significant and growing segment of the U.S. retail economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve using production and sales information from businesses in the pet and pet supplies retail sector.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, policymakers, and industry analysts to gauge consumer spending and the overall health of the retail trade sector, which has important implications for the broader economy.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be revisions to historical figures as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real Sectoral Output for Retail Trade: Pet and Pet Supplies Stores (NAICS 453910) in the United States (IPUHN453910T010000000), retrieved from FRED.