Consumer Price Index: OECD Groups: Services Less Housing: Total for Israel
Monthly
ISRCPGRLH01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.59
Year-over-Year Change
N/A%
Date Range
2/1/1970 - 11/1/2023
Summary
The Monthly Retail Sales data measures the total sales revenue generated by the retail industry in the United States on a monthly basis. This key indicator provides insights into consumer spending and 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 Monthly Retail Sales metric tracks the total value of merchandise sold by retail establishments across the country. It is a widely followed indicator of consumer demand and an important data point for economists and policymakers to assess the health of the broader economy.
Methodology
The data is collected through monthly surveys of retail businesses by the U.S. Census Bureau.
Historical Context
Retail sales figures are closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Key Facts
- Retail sales account for nearly 30% of total U.S. consumer spending.
- The retail industry employs over 15 million people in the United States.
- Monthly retail sales data is released around the 15th of each month.
FAQs
Q: What does this economic trend measure?
A: The Monthly Retail Sales data measures the total sales revenue generated by the retail industry in the United States on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: Retail sales figures are a key indicator of consumer demand and overall economic activity, making this data highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail businesses by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Retail sales figures are closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The Monthly Retail Sales data is typically released around the 15th of each month, providing a timely snapshot of consumer spending trends.
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Citation
U.S. Federal Reserve, Monthly Retail Sales (ISRCPGRLH01GPM), retrieved from FRED.