Sales: Retail Trade: Car Registration: Passenger Cars for Austria
Growth rate previous period, Monthly, Seasonally Adjusted
AUTSLRTCR03GPSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.51
Year-over-Year Change
-167.19%
Date Range
2/1/1957 - 3/1/2023
Summary
This economic trend measures the month-over-month growth rate of retail sales, adjusted for seasonal variations. It provides a timely 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 growth rate previous period, monthly, seasonally adjusted series tracks the change in retail sales from one month to the next, with seasonal factors removed. This metric is closely watched by economists and policymakers to gauge the strength of consumer demand and broader economic conditions.
Methodology
The data is collected through monthly surveys of retail establishments and calculated as the percent change from the prior month.
Historical Context
This retail sales growth rate is a key input for monetary policy decisions and analysis of the consumer economy.
Key Facts
- Retail sales account for about 40% of total consumer spending in the U.S.
- The retail sales growth rate reached a record high of 18.3% in May 2021 after the COVID-19 pandemic.
- Consumer spending drives roughly 70% of U.S. economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the month-over-month percent change in retail sales, adjusted for seasonal variations. It provides a timely indicator of consumer spending and economic activity.
Q: Why is this trend relevant for users or analysts?
A: The retail sales growth rate is a key economic indicator closely watched by policymakers, businesses, and analysts to gauge the strength of consumer demand and the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail establishments and calculated as the percent change from the prior month, with seasonal factors removed.
Q: How is this trend used in economic policy?
A: The retail sales growth rate is a critical input for monetary policy decisions and analysis of the consumer economy by the Federal Reserve and other institutions.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Census Bureau with a typical release delay of around 2 weeks.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly, Seasonally Adjusted (AUTSLRTCR03GPSAM), retrieved from FRED.