Sales: Retail Trade: Total Retail Trade: Volume for Luxembourg
Growth rate previous period, Annual
SLRTTO01LUA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.10
Year-over-Year Change
-15.38%
Date Range
1/1/1996 - 1/1/2024
Summary
This metric tracks the annual growth rate of retail and food services sales, providing insight into consumer spending trends in the U.S. 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 retail and food services sales growth rate measures the year-over-year change in total sales of retail establishments and food service providers. This indicator is closely monitored by economists and policymakers as a gauge of consumer confidence and economic activity.
Methodology
The U.S. Census Bureau collects this data through monthly surveys of retail and food service businesses.
Historical Context
The retail sales growth rate is a key input for economic forecasting and Fed policy decisions.
Key Facts
- Retail and food services sales account for nearly 50% of total U.S. consumer spending.
- The annual growth rate reached a peak of 18.7% in March 2021 following the COVID-19 recession.
- Sustained increases in this metric signal a healthy consumer environment and broader economic expansion.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the year-over-year growth rate in total sales at U.S. retail establishments and food service providers.
Q: Why is this trend relevant for users or analysts?
A: The retail sales growth rate is a key indicator of consumer spending and economic activity, making it crucial for economic forecasting and policy decisions.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through monthly surveys of retail and food service businesses.
Q: How is this trend used in economic policy?
A: The retail sales growth rate is closely monitored by the Federal Reserve and other policymakers as an input for monetary policy decisions and economic projections.
Q: Are there update delays or limitations?
A: This data is released monthly by the Census Bureau, with a typical delay of 4-6 weeks between the reference period and publication.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual (SLRTTO01LUA657S), retrieved from FRED.