Sales: Retail Trade: Car Registration: Passenger Cars for Portugal
Growth rate previous period, Annual, Seasonally Adjusted
SLRTCR03PTA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-35.02
Year-over-Year Change
-710.74%
Date Range
1/1/1991 - 1/1/2020
Summary
This economic indicator measures the year-over-year growth rate of retail sales, providing insights into consumer spending trends in the United States.
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 retail sales growth rate is a key metric for analyzing the health of the U.S. economy, as consumer spending accounts for a large portion of overall economic activity. This data series is seasonally adjusted and reported on an annual basis.
Methodology
The U.S. Census Bureau collects retail sales data through monthly surveys of businesses.
Historical Context
Policymakers and analysts use this indicator to gauge consumer confidence and inform economic forecasts.
Key Facts
- Retail sales account for nearly 30% of total U.S. economic activity.
- The retail sales growth rate reached a high of 18.3% in March 2021.
- Positive growth in this indicator signals expanding consumer demand.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year growth rate of retail sales in the United States, providing insights into consumer spending patterns.
Q: Why is this trend relevant for users or analysts?
A: The retail sales growth rate is a key metric for assessing the health of the U.S. economy, as consumer spending accounts for a large portion of overall economic activity.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects retail sales data through monthly surveys of businesses and calculates the seasonally adjusted, annual growth rate.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to gauge consumer confidence and inform economic forecasts, which can influence monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The retail sales growth rate data is reported monthly, with a short delay, and is subject to periodic revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (SLRTCR03PTA657S), retrieved from FRED.