Real Gross Domestic Product: Retail Trade (44-45) in Rhode Island
Annual, Not Seasonally Adjusted
RIRETAILRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,191.10
Year-over-Year Change
41.20%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' retail sales trend measures total sales across all retail establishments in the United States on an annual basis, without adjusting for seasonal factors. This provides insight into the overall performance of the retail sector.
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
This series tracks the total value of retail sales, including durable and non-durable goods, by businesses that derive most of their revenue from retailing activities. It is a key economic indicator used to assess consumer spending and the health of the broader economy.
Methodology
The data is collected through monthly surveys of retail establishments by the U.S. Census Bureau.
Historical Context
Retail sales figures are closely monitored by policymakers, analysts, and businesses to gauge consumer confidence and make informed decisions.
Key Facts
- Retail sales account for nearly 70% of U.S. economic activity.
- Retail sales grew by 3.2% in 2022 compared to the previous year.
- E-commerce sales made up 14.7% of total retail sales in 2022.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' retail sales trend measures the total value of retail sales across all retail establishments in the United States on an annual basis, without adjusting for seasonal factors.
Q: Why is this trend relevant for users or analysts?
A: Retail sales figures are a key economic indicator used to assess consumer spending and the overall health of the U.S. economy. This data is closely monitored by policymakers, analysts, and businesses to make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail establishments by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Retail sales data is used by economists, policymakers, and market analysts to gauge consumer confidence, make forecasts, and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The retail sales data is released monthly by the U.S. Census Bureau, with a typical delay of several weeks. There may be revisions to the data in subsequent releases.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (RIRETAILRGSP), retrieved from FRED.