SNAP Benefits Recipients in Rhode Island
Annual
BR44000RIA647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
142,270.00
Year-over-Year Change
-8.73%
Date Range
1/1/1989 - 1/1/2022
Summary
The Annual trend measures the percentage change in retail sales, a key indicator of consumer spending and economic activity in the United States.
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 year-over-year percent change in total sales at retail and food service establishments. It is a widely watched metric that provides insight into the health and direction of the U.S. economy.
Methodology
The data is collected through monthly surveys of a sample of retail and food service firms.
Historical Context
Analysts and policymakers monitor this trend to gauge consumer confidence and make informed decisions.
Key Facts
- Annual retail sales grew 7.3% in 2022.
- Retail sales account for nearly 30% of total U.S. economic activity.
- The Annual trend is released monthly by the U.S. Census Bureau.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in total retail sales, providing insight into consumer spending and economic activity in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Annual retail sales trend is a closely watched indicator that helps analysts and policymakers assess the strength of the U.S. economy and consumer confidence.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of a sample of retail and food service firms by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor the Annual retail sales trend to gauge consumer spending and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The Annual retail sales data is released monthly, with a typical delay of around two weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Annual (BR44000RIA647NCEN), retrieved from FRED.