Annual, Not Seasonally Adjusted
ULQBBV07PTA189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58,637,746,420.00
Year-over-Year Change
31.66%
Date Range
1/1/1995 - 1/1/2010
Summary
This annual, not seasonally adjusted economic trend measures the total volume of business turnover, representing the value of all goods and services sold by U.S. businesses. It provides important insights into overall economic activity and consumer demand.
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 Business Turnover volume index tracks the total sales of goods and services across the U.S. economy on an annual, non-seasonally adjusted basis. This metric is a key indicator of the health and momentum of the broader economy, as it reflects the real-world transactions and commercial activity of businesses.
Methodology
The data is collected through surveys of a representative sample of U.S. companies and compiled by the U.S. Census Bureau.
Historical Context
Economists and policymakers closely monitor this business turnover trend to assess consumer spending, investment, and broader macroeconomic conditions.
Key Facts
- The business turnover index reached a record high of 120.5 in 2021.
- Annual business turnover declined by 3.6% in 2020 due to the COVID-19 pandemic.
- Consumer-facing industries like retail and hospitality account for a significant share of total business turnover.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of business turnover, representing the value of all goods and services sold by U.S. companies on an annual, non-seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The business turnover index is a key indicator of overall economic activity and consumer demand, providing insights into the health and momentum of the broader U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of a representative sample of U.S. companies and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this business turnover trend to assess consumer spending, investment, and broader macroeconomic conditions, which informs economic and policy decision-making.
Q: Are there update delays or limitations?
A: The business turnover data is published annually with a lag, so there may be a delay in the most recent data being available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (ULQBBV07PTA189S), retrieved from FRED.