Production: Mining: Total for Denmark
Quarterly, Not Seasonally Adjusted
PRMITO01DKQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45.50
Year-over-Year Change
-4.01%
Date Range
1/1/1980 - 7/1/2023
Summary
This economic indicator measures the quarterly total of new retail and food service sales, not adjusted for seasonal variations. It provides insight into consumer spending patterns and overall 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 Quarterly, Not Seasonally Adjusted retail sales trend tracks total sales revenue from retail and food service establishments in the United States on a quarterly basis, without adjusting for typical seasonal fluctuations. This metric offers analysts a view of consumer demand and broader economic conditions.
Methodology
The U.S. Census Bureau collects and calculates this data through monthly surveys of retail and food service businesses.
Historical Context
Policymakers and economists monitor this indicator to assess the health of the consumer sector and broader economic trends.
Key Facts
- Retail and food service sales account for nearly 50% of total U.S. consumer spending.
- Sales have grown by an average of 4.5% annually over the past decade.
- Quarterly sales figures are released approximately 6 weeks after the end of each quarter.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total dollar value of retail and food service sales in the United States on a quarterly basis, without adjusting for typical seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: Quarterly retail sales figures provide insight into consumer spending patterns and the overall health of the U.S. economy. Analysts and policymakers monitor this data to assess economic conditions and consumer demand.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects monthly sales data from retail and food service establishments and aggregates it to produce the quarterly, not seasonally adjusted total.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely follow retail sales data to gauge consumer confidence and spending, which are key drivers of economic growth. This information helps inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The quarterly retail sales figures are released approximately 6 weeks after the end of each quarter. The data does not account for typical seasonal variations, which can limit interpretation of short-term trends.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (PRMITO01DKQ661N), retrieved from FRED.