Leading Indicators OECD: Leading indicators: CLI: Trend restored for Portugal
Growth rate same period previous year
PRTLOLITOTRGYSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.19
Year-over-Year Change
-97.67%
Date Range
1/1/1988 - 8/1/2022
Summary
This economic indicator measures the growth rate of total retail sales compared to the same period in the previous year. It provides insights into consumer spending 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 growth rate same period previous year tracks changes in total retail sales over time, offering a gauge of consumer demand and confidence. Economists and policymakers use this metric to assess the health of the broader economy.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on monthly surveys of retail establishments.
Historical Context
This trend is closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Key Facts
- Retail sales account for about 30% of total U.S. economic activity.
- The growth rate reached a low of -6.2% in April 2020 during the COVID-19 pandemic.
- Consumer spending is a key driver of economic growth in the United States.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the year-over-year growth rate of total retail sales, providing insights into consumer spending and the broader economy.
Q: Why is this trend relevant for users or analysts?
A: Retail sales are a crucial component of economic activity, and this growth rate metric helps analysts and policymakers assess consumer demand and confidence.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects and calculates this data based on monthly surveys of retail establishments.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely monitor this metric to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly, with a typical lag of around two weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate same period previous year (PRTLOLITOTRGYSAM), retrieved from FRED.