Gross Domestic Product: Wholesale Trade (42) in Virginia
Annual, Not Seasonally Adjusted
VAWHOLENGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33,292.60
Year-over-Year Change
74.39%
Date Range
1/1/1997 - 1/1/2024
Summary
The Wholesale Trade Sales: Not Seasonally Adjusted series measures the monthly dollar value of wholesale trade sales, which are sales made by wholesalers to other businesses. This data is crucial for analyzing the overall health of the U.S. 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 Wholesale Trade Sales: Not Seasonally Adjusted series tracks the total value of wholesale trade transactions in the United States. Economists and policymakers use this data to assess the strength of business-to-business commercial activity and monitor trends in the wholesale sector.
Methodology
The U.S. Census Bureau collects this data through monthly surveys of wholesale businesses.
Historical Context
Wholesale trade data provides insights into business confidence, inventory management, and broader macroeconomic conditions.
Key Facts
- Wholesale trade accounts for approximately 25% of total U.S. business sales.
- The wholesale sector employs over 5 million workers in the United States.
- Wholesale trade data is closely watched by the Federal Reserve and other policymakers.
FAQs
Q: What does this economic trend measure?
A: The Wholesale Trade Sales: Not Seasonally Adjusted series measures the total dollar value of sales made by wholesalers to other businesses in the United States.
Q: Why is this trend relevant for users or analysts?
A: Wholesale trade data provides important insights into the overall health of the U.S. economy, as it reflects the level of commercial activity between businesses.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through monthly surveys of wholesale businesses.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor wholesale trade data to assess business confidence, inventory management, and broader macroeconomic conditions.
Q: Are there update delays or limitations?
A: The Wholesale Trade Sales data is published monthly by the U.S. Census Bureau, with a typical release lag of approximately 6 weeks.
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Citation
U.S. Federal Reserve, Wholesale Trade Sales: Not Seasonally Adjusted (VAWHOLENGSP), retrieved from FRED.