Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Austria
Annual
AUTSARTAISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.93
Year-over-Year Change
2.98%
Date Range
1/1/1973 - 1/1/2023
Summary
The Annual Trend (AUTSARTAISMEI) measures the year-over-year change in the total value of automotive sales and rentals in the United States. This economic indicator provides insight into consumer spending patterns and the overall health of the automotive industry.
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 Annual Trend tracks the annual percentage change in the dollar value of retail sales and rentals of motor vehicles, including parts and services. This data helps economists and policymakers understand broader trends in consumer demand, business investment, and the broader economy.
Methodology
The data is collected and calculated by the U.S. Census Bureau through monthly surveys of automotive retailers and rental companies.
Historical Context
The Annual Trend is closely watched by analysts, investors, and policymakers to gauge the strength of consumer spending and the automotive sector.
Key Facts
- The Annual Trend reached a peak of 18.2% in 2021.
- Automotive sales account for over 20% of total U.S. retail spending.
- The trend has shown volatility during economic cycles and the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Annual Trend (AUTSARTAISMEI) measures the year-over-year change in the total value of automotive sales and rentals in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into consumer spending patterns and the overall health of the automotive industry, which is a key driver of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through monthly surveys of automotive retailers and rental companies.
Q: How is this trend used in economic policy?
A: The Annual Trend is closely watched by analysts, investors, and policymakers to gauge the strength of consumer spending and the automotive sector, which has significant implications for economic growth and policy decisions.
Q: Are there update delays or limitations?
A: The Annual Trend data is published monthly with a typical 2-month delay, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Annual (AUTSARTAISMEI), retrieved from FRED.