Volume of Total Retail Trade sales for the European Union
Growth Rate Same Period Previous Year, Annual, Not Seasonally Adjusted
SLRTTO01EUA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.66
Year-over-Year Change
22.20%
Date Range
1/1/1996 - 1/1/2019
Summary
This economic trend measures the year-over-year growth rate of retail sales in the United States. It provides valuable insights into consumer spending patterns and the overall health of the economy.
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, Annual, Not Seasonally Adjusted metric tracks the percentage change in retail sales compared to the same period a year earlier. This trend is widely used by economists and policymakers to analyze consumer confidence and the strength of the U.S. 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 government agencies to inform economic policy decisions.
Key Facts
- Retail sales account for about 30% of total U.S. consumer spending.
- The metric is reported monthly and is not seasonally adjusted.
- Robust retail sales growth is typically associated with a healthy economy.
FAQs
Q: What does this economic trend measure?
A: This trend 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: Retail sales growth is a key indicator of consumer confidence and the overall health of the U.S. economy, making this trend highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on monthly surveys of retail establishments.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other government agencies closely monitor this trend to inform their economic policy decisions, as it provides valuable insights into consumer spending patterns and the strength of the economy.
Q: Are there update delays or limitations?
A: The metric is reported monthly, but the data is not seasonally adjusted, which should be considered when interpreting the results.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Annual, Not Seasonally Adjusted (SLRTTO01EUA659S), retrieved from FRED.