Retail Sales: Household Appliance Stores
Millions of Dollars
MRTSSM443111USN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,960.00
Year-over-Year Change
52.77%
Date Range
1/1/1992 - 3/1/2021
Summary
The 'Millions of Dollars' economic trend measures total monthly sales for motor vehicle and parts dealers in the United States. This data provides valuable insights into consumer spending and the health of the automotive industry.
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 Dollars' series tracks the total value of retail sales at motor vehicle and parts dealers, including new and used car sales, as well as parts and services. This metric serves as an important indicator of consumer demand and economic activity.
Methodology
The data is collected through monthly surveys of a sample of motor vehicle and parts dealers by the U.S. Census Bureau.
Historical Context
This trend is closely monitored by policymakers, economists, and investors to assess the state of the U.S. consumer economy.
Key Facts
- Motor vehicle and parts dealers account for over 20% of total U.S. retail sales.
- Sales peaked at $124 billion in November 2021, reflecting strong consumer demand.
- The data is released monthly, providing timely insights into economic trends.
FAQs
Q: What does this economic trend measure?
A: The 'Millions of Dollars' trend measures the total monthly sales for motor vehicle and parts dealers in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into consumer spending and the health of the automotive industry, which is a key driver of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of a sample of motor vehicle and parts dealers by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and investors closely monitor this trend to assess the state of the U.S. consumer economy and make informed decisions.
Q: Are there update delays or limitations?
A: The data is released monthly, providing timely insights into economic trends, with minimal update delays.
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Citation
U.S. Federal Reserve, Millions of Dollars (MRTSSM443111USN), retrieved from FRED.