SNAP Benefits Recipients in Alaska
Annual
BR02000AKA647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95,543.00
Year-over-Year Change
25.10%
Date Range
1/1/1989 - 1/1/2022
Summary
The Annual trend measures the total value of retail and food services sales in the United States over a 12-month period. This key economic indicator provides insights into consumer spending and 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 Annual retail sales trend tracks the total dollar value of all transactions at retail and food service establishments across the country. It is a widely followed metric used by economists, policymakers, and market analysts to gauge consumer demand and economic growth.
Methodology
The U.S. Census Bureau collects and compiles this data through monthly surveys of retail businesses.
Historical Context
Annual retail sales figures are closely monitored by the Federal Reserve and other institutions to inform economic policy decisions.
Key Facts
- Annual retail sales reached a record high of $6.8 trillion in 2022.
- Consumer spending accounts for approximately 70% of U.S. economic activity.
- The retail sector employs over 15 million workers in the United States.
FAQs
Q: What does this economic trend measure?
A: The Annual retail sales trend measures the total value of all transactions at retail and food service establishments in the United States over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: Annual retail sales is a key indicator of consumer demand and the overall health of the U.S. economy, making it a closely watched metric by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through monthly surveys of retail businesses across the country.
Q: How is this trend used in economic policy?
A: Annual retail sales figures are closely monitored by the Federal Reserve and other institutions to inform decisions on monetary policy and assess the strength of the U.S. consumer economy.
Q: Are there update delays or limitations?
A: The annual retail sales data is released on a monthly basis, with a slight delay to allow for the compilation of the full 12-month period.
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Citation
U.S. Federal Reserve, Annual (BR02000AKA647NCEN), retrieved from FRED.