Sales: Retail Trade: Total Retail Trade: Volume for Portugal
Growth rate same period previous year, Annual
SLRTTO01PTA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.26
Year-over-Year Change
6732.28%
Date Range
1/1/1990 - 1/1/2022
Summary
The 'Growth rate same period previous year, Annual' metric measures the year-over-year change in retail sales, providing insight into consumer spending trends and economic growth.
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
This annual metric tracks the percentage change in retail sales compared to the same period in the previous year. It is a key indicator of consumer demand and an important signal for policymakers and analysts assessing the overall health of the economy.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on monthly surveys of retail establishments.
Historical Context
Retail sales growth is closely monitored by the Federal Reserve and other economic institutions to guide monetary and fiscal policy decisions.
Key Facts
- Retail sales account for nearly 70% of U.S. economic activity.
- The annual growth rate reached a high of 18.1% in March 2021 as the economy rebounded from the COVID-19 pandemic.
- Weak retail sales growth can signal a slowdown in consumer demand and economic momentum.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Annual' metric measures the year-over-year percentage change in retail sales, providing insight into consumer spending patterns.
Q: Why is this trend relevant for users or analysts?
A: Retail sales growth is a crucial indicator of consumer demand and overall economic health, making this trend highly relevant for policymakers, businesses, and economic 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: Retail sales growth is closely monitored by the Federal Reserve and other economic institutions to guide monetary and fiscal policy decisions that impact consumer spending and the broader economy.
Q: Are there update delays or limitations?
A: The annual retail sales growth data is published with a relatively short delay, typically within a month of the end of the reference period, providing timely insights for analysts and policymakers.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (SLRTTO01PTA659S), retrieved from FRED.