Sales: Retail Trade: Car Registration: Passenger Cars for Sweden
Number, Monthly level, Annual, Seasonally Adjusted
SLRTCR03SEA180S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29,859.20
Year-over-Year Change
13.44%
Date Range
1/1/1973 - 1/1/2018
Summary
This economic indicator tracks the monthly, seasonally adjusted level of retail credit outstanding in the United States. It provides insights into consumer credit trends and the overall health 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
The Retail Credit Outstanding indicator measures the total dollar value of revolving credit accounts, such as credit cards, held by consumers. It is a key barometer of consumer spending and credit market conditions.
Methodology
The data is collected and reported monthly by the Federal Reserve through its G.19 Consumer Credit survey.
Historical Context
Policymakers and analysts use this metric to assess the state of consumer finances and the broader economy.
Key Facts
- Retail credit outstanding reached a high of $4.5 trillion in 2022.
- The metric contracted sharply during the COVID-19 pandemic before rebounding.
- Consumer credit is a major driver of retail sales and economic growth.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total dollar value of revolving consumer credit accounts, such as credit cards, held by U.S. households on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: Retail credit outstanding is a key indicator of consumer spending power and the overall health of the retail sector, making it highly relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported monthly by the Federal Reserve through its G.19 Consumer Credit survey.
Q: How is this trend used in economic policy?
A: Policymakers and central banks monitor this metric to assess consumer finances and make informed decisions about monetary policy, interest rates, and other economic interventions.
Q: Are there update delays or limitations?
A: The data is released with a lag of approximately 1-2 months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Number, Monthly level, Annual, Seasonally Adjusted (SLRTCR03SEA180S), retrieved from FRED.