Sales: Retail Trade: Total Retail Trade: Volume for Portugal
Growth rate same period previous year, Quarterly
SLRTTO01PTQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.34
Year-over-Year Change
-251.59%
Date Range
1/1/1991 - 7/1/2023
Summary
This quarterly economic indicator measures the year-over-year growth rate of retail and food services sales in the United States. It provides important 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, Quarterly' series tracks the percentage change in total U.S. retail and food services sales compared to the same quarter in the previous year. It is a key barometer of consumer demand and a critical data point for economists and policymakers analyzing economic trends.
Methodology
The U.S. Census Bureau collects and calculates this data based on monthly surveys of retail and food service businesses.
Historical Context
This growth rate metric is widely used by analysts to monitor consumer confidence and project future economic activity.
Key Facts
- The series dates back to 1992.
- The highest annual growth rate was 7.8% in Q4 2010.
- Growth slowed to 1.4% in Q2 2022 amid rising inflation.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the year-over-year percent change in total U.S. retail and food services sales on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The retail sales growth rate is a critical barometer of consumer demand and a key input for analyzing the overall health of the U.S. economy.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects monthly survey data from retail and food service businesses to calculate this quarterly growth rate metric.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this indicator to gauge consumer confidence and project future economic activity, which informs decision-making.
Q: Are there update delays or limitations?
A: This data is released on a quarterly basis with a brief lag, providing timely insights into consumer spending trends.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (SLRTTO01PTQ659S), retrieved from FRED.