Sales: Retail Trade: Total Retail Trade: Volume for Luxembourg
Growth rate same period previous year, Annual
SLRTTO01LUA659S • 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 economic indicator measures the annual growth rate of retail sales, comparing each year's value to the same period the previous year. It is a key metric for monitoring consumer spending and overall economic health.
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 provides insights into consumer demand and the momentum of the broader economy. Economists and policymakers closely track this data to assess the strength of the consumer sector and inform decisions around monetary and fiscal policy.
Methodology
The U.S. Census Bureau collects retail sales data from a sample of businesses and calculates the year-over-year growth rate.
Historical Context
Retail sales are a major component of GDP, so this indicator helps gauge the trajectory of the overall economy.
Key Facts
- Retail sales account for about 30% of U.S. GDP.
- The annual growth rate averaged 3.9% from 2010-2019.
- The COVID-19 pandemic caused a sharp decline in 2020.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the year-over-year growth rate in U.S. retail sales, providing insights into consumer demand and the broader economy.
Q: Why is this trend relevant for users or analysts?
A: Retail sales are a key driver of economic growth, so this metric helps economists and policymakers assess the strength of the consumer sector and make informed decisions.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau surveys a sample of retail businesses to collect the sales data, which is then used to calculate the annual growth rate.
Q: How is this trend used in economic policy?
A: Retail sales growth is closely monitored by the Federal Reserve and other policymakers to gauge consumer confidence and inform decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is released monthly by the Census Bureau, with a lag of around 2 weeks. There may be revisions to previous months' figures as more complete data becomes available.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (SLRTTO01LUA659S), retrieved from FRED.