Gross Domestic Product: Retail Trade (44-45) in Alabama
Annual, Not Seasonally Adjusted
ALRETAILNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23,723.00
Year-over-Year Change
86.09%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted retail sales trend measures total U.S. retail and food service sales on an annual basis without adjustments for seasonal variations.
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 data series reflects the total value of sales by retail and food service establishments, providing insight into consumer spending patterns and the overall health of the U.S. economy.
Methodology
The data is collected through monthly surveys of retail and food service businesses.
Historical Context
Policymakers and analysts use this metric to assess economic growth and consumer confidence.
Key Facts
- Annual retail sales in the U.S. totaled over $6 trillion in 2022.
- Retail sales make up approximately 30% of total U.S. economic activity.
- The COVID-19 pandemic caused a sharp decline in retail sales in 2020, followed by a strong rebound in 2021.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted retail sales trend measures the total value of sales by retail and food service establishments in the United States on an annual basis, without adjustments for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending patterns and the overall health of the U.S. economy, making it a key indicator used by policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail and food service businesses conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor retail sales data to assess economic growth, consumer confidence, and the effectiveness of monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published with a lag of approximately one month, and the annual, not seasonally adjusted figures may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (ALRETAILNGSP), retrieved from FRED.