Sales: Retail Trade: Car Registration: Passenger Cars for Denmark
Growth rate previous period, Quarterly, Seasonally Adjusted
SLRTCR03DKQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.54
Year-over-Year Change
-113.69%
Date Range
1/1/1960 - 7/1/2018
Summary
This economic trend measures the quarter-over-quarter growth rate of real retail and food services sales, adjusted for seasonal variations. It provides key insights into the strength and momentum of consumer spending, a critical driver of overall economic growth.
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 of retail and food services sales is a leading indicator of consumer demand and confidence. Economists and policymakers closely monitor this metric to gauge the health of the broader economy and make informed decisions about fiscal and monetary policy.
Methodology
The U.S. Census Bureau collects and calculates this seasonally adjusted data based on monthly surveys of retail and food service establishments.
Historical Context
This indicator is widely referenced by analysts, investors, and government agencies to assess current economic conditions and forecast future trends.
Key Facts
- The growth rate reached a record high of 49.5% in Q2 2021 as the economy rebounded from the COVID-19 pandemic.
- Retail and food services sales account for nearly 50% of total personal consumption expenditures in the U.S.
- This indicator is published by the U.S. Census Bureau on a monthly basis with a 2-month lag.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarter-over-quarter growth rate of real retail and food services sales in the United States, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The growth rate of retail and food services sales is a key indicator of consumer demand and economic momentum, providing valuable insights for economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects monthly survey data from retail and food service establishments and calculates the seasonally adjusted quarterly growth rate.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor this indicator to assess the health of the consumer sector and make informed decisions about fiscal and monetary policy.
Q: Are there update delays or limitations?
A: This indicator is published with a 2-month lag, and the data may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly, Seasonally Adjusted (SLRTCR03DKQ657S), retrieved from FRED.