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Growth rate same period previous year, Monthly, Seasonally Adjusted
LUXODCNPI03GYSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
152.36
Year-over-Year Change
-699.13%
Date Range
1/1/1992 - 7/1/2017
Summary
This economic trend measures the year-over-year growth rate of retail sales, adjusting for seasonal variations. It provides insights into the momentum and trajectory of consumer spending, a key driver of economic growth.
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 growth rate same period previous year, monthly, seasonally adjusted series tracks the percent change in retail sales compared to the same month in the prior year, after accounting for typical seasonal patterns. This metric helps analysts and policymakers assess the state of consumer demand and its implications for broader economic conditions.
Methodology
The data is collected through monthly surveys of retail and food service businesses by the U.S. Census Bureau.
Historical Context
Retail sales growth is closely monitored by the Federal Reserve and other economic institutions to inform monetary policy decisions.
Key Facts
- Retail sales account for about 40% of total U.S. consumer spending.
- The series is adjusted for typical seasonal variations to isolate underlying trends.
- Year-over-year comparisons help smooth out month-to-month volatility.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in retail sales, adjusted for seasonal factors. It provides insights into the momentum and direction of consumer spending.
Q: Why is this trend relevant for users or analysts?
A: Retail sales are a key indicator of consumer demand and economic health, so this trend is closely watched by economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail and food service businesses conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions monitor retail sales growth to inform monetary policy decisions and assess the strength of the overall economy.
Q: Are there update delays or limitations?
A: The retail sales data is released monthly by the Census Bureau, with a typical delay of around 2 weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly, Seasonally Adjusted (LUXODCNPI03GYSAM), retrieved from FRED.