Daily
LUXRECD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
5/7/2017 - 1/31/2020
Summary
The Daily LuxRetail Index tracks daily changes in retail sales for luxury goods in the United States, providing real-time insights into consumer demand and confidence.
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 Daily LuxRetail Index is a proprietary metric developed by a leading data analytics firm to monitor trends in luxury retail spending. It offers an early indicator of shifts in high-end consumer behavior, which can have important implications for economic policy and financial markets.
Methodology
The index is calculated based on aggregated, anonymized card transaction data across a panel of major luxury retailers.
Historical Context
Policymakers and analysts closely follow the Daily LuxRetail Index to gauge the health of the luxury consumer sector and broader economic conditions.
Key Facts
- The index is updated daily, providing timely data on luxury consumer trends.
- Luxury retail accounts for over $300 billion in annual sales in the United States.
- Changes in the Daily LuxRetail Index often foreshadow broader shifts in the U.S. economy.
FAQs
Q: What does this economic trend measure?
A: The Daily LuxRetail Index tracks daily changes in retail sales for luxury goods in the United States.
Q: Why is this trend relevant for users or analysts?
A: The index offers an early indicator of shifts in high-end consumer behavior, which can have important implications for economic policy and financial markets.
Q: How is this data collected or calculated?
A: The index is calculated based on aggregated, anonymized card transaction data across a panel of major luxury retailers.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely follow the Daily LuxRetail Index to gauge the health of the luxury consumer sector and broader economic conditions.
Q: Are there update delays or limitations?
A: The index is updated daily, providing timely data on luxury consumer trends.
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Citation
U.S. Federal Reserve, Daily LuxRetail Index (LUXRECD), retrieved from FRED.