Total New Construction for United States
Millions of Current Dollars, Monthly, Not Seasonally Adjusted
M02J6BUSM398NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,260.00
Year-over-Year Change
8.75%
Date Range
1/1/1946 - 12/1/1963
Summary
This economic trend measures the value of total retail and food service sales in the United States on a monthly basis. It is a key indicator of 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 Millions of Current Dollars, Monthly, Not Seasonally Adjusted series represents the total dollar value of retail and food service sales, excluding motor vehicle and parts dealers. It provides insights into consumer demand and is used by economists and policymakers to assess the overall health of the U.S. economy.
Methodology
The data is collected through monthly surveys of retail and food service businesses.
Historical Context
This trend is closely monitored by the Federal Reserve and other economic institutions to inform policy decisions.
Key Facts
- Retail sales account for nearly 70% of U.S. economic activity.
- The series excludes motor vehicle and parts dealers.
- Monthly data is not seasonally adjusted.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of retail and food service sales in the United States on a monthly basis, excluding motor vehicle and parts dealers.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer demand and spending, which is a crucial indicator of the overall health of the U.S. economy. It is closely monitored by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail and food service businesses.
Q: How is this trend used in economic policy?
A: The Millions of Current Dollars, Monthly, Not Seasonally Adjusted trend is closely monitored by the Federal Reserve and other economic institutions to inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with some delay. The series does not include motor vehicle and parts dealers, which can limit its representation of overall consumer spending.
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Citation
U.S. Federal Reserve, Millions of Current Dollars, Monthly, Not Seasonally Adjusted (M02J6BUSM398NNBR), retrieved from FRED.