Daily
SVKRECD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/5/2020 - 9/30/2022
Summary
The 'Daily' trend measures the total value of retail sales in the United States on a given day. This real-time data is a key indicator of consumer spending and economic activity.
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 'Daily' trend tracks the daily dollar value of retail sales transactions across the U.S. retail sector. It provides an up-to-date snapshot of consumer demand and spending patterns, which are crucial inputs for economic analysis and forecasting.
Methodology
The data is collected from a sample of large retail and food service firms.
Historical Context
Daily retail sales figures are closely monitored by policymakers, analysts, and investors to assess the health of the U.S. economy.
Key Facts
- Retail sales account for nearly 30% of total U.S. economic activity.
- Daily retail sales data is released with a 1-2 day lag.
- Fluctuations in daily sales can signal changes in consumer confidence and the broader economy.
FAQs
Q: What does this economic trend measure?
A: The 'Daily' trend measures the total dollar value of retail sales transactions across the United States on a given day.
Q: Why is this trend relevant for users or analysts?
A: Daily retail sales data provides a real-time indicator of consumer spending and economic activity, which are crucial inputs for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected from a sample of large retail and food service firms across the country.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and investors closely monitor daily retail sales figures to assess the health of the U.S. economy and make informed decisions.
Q: Are there update delays or limitations?
A: The daily retail sales data is released with a 1-2 day lag, and the sample may not capture all retail activity across the country.
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Citation
U.S. Federal Reserve, Daily (SVKRECD), retrieved from FRED.