Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Austria
Seasonally Adjusted
LCEAMN01ATQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
144.66
Year-over-Year Change
27.46%
Date Range
1/1/1955 - 10/1/2024
Summary
The 'Seasonally Adjusted' economic trend measures the changes in U.S. retail sales, excluding motor vehicles and parts dealers, adjusted for seasonal variations. This important indicator provides insight into consumer spending patterns.
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 Seasonally Adjusted retail sales series from the U.S. Census Bureau removes regular fluctuations due to factors like weather, holidays, and other calendar effects. This allows analysts to identify underlying trends and turning points in consumer behavior.
Methodology
The data is collected through monthly surveys of retail businesses and adjusted using statistical models to account for seasonal patterns.
Historical Context
Retail sales are a key indicator of economic health and consumer confidence, influencing policymakers and market participants.
Key Facts
- Retail sales account for nearly 70% of U.S. economic activity.
- Seasonal adjustments help identify underlying consumer trends.
- Retail sales data is released monthly by the U.S. Census Bureau.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted retail sales series measures changes in U.S. retail sales, excluding motor vehicles and parts dealers, with adjustments made for regular seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into consumer spending patterns, a key driver of the U.S. economy. Analysts and policymakers use this data to assess economic health and consumer confidence.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail businesses and adjusted using statistical models to account for seasonal patterns.
Q: How is this trend used in economic policy?
A: Retail sales data, including the Seasonally Adjusted series, is closely monitored by the Federal Reserve and other policymakers to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Seasonally Adjusted retail sales data is released monthly by the U.S. Census Bureau, with a typical delay of around two weeks from the end of the reporting period.
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Citation
U.S. Federal Reserve, Seasonally Adjusted (LCEAMN01ATQ661S), retrieved from FRED.