SNAP Benefits Recipients in Illinois
Monthly
BRIL17M647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,006,611.00
Year-over-Year Change
-0.20%
Date Range
1/1/1981 - 6/1/2023
Summary
The Monthly trend measures business revenue in a select industry, providing insights into economic activity and consumer demand.
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 Monthly trend tracks revenue generation for businesses in a specific North American industry. It is used by economists and policymakers to analyze trends in consumer spending, business investment, and overall economic performance.
Methodology
The data is collected through surveys of businesses in the industry.
Historical Context
Policymakers and analysts monitor this trend to gauge the health of the broader economy.
Key Facts
- The Monthly trend is released on a monthly basis.
- It covers businesses in the North American region.
- The data is collected through comprehensive industry surveys.
FAQs
Q: What does this economic trend measure?
A: The Monthly trend measures the revenue generated by businesses in a specific North American industry, providing insights into consumer demand and economic activity.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for economists, policymakers, and market analysts as it offers timely insights into the health of the broader economy through the lens of business revenue and consumer spending.
Q: How is this data collected or calculated?
A: The data for the Monthly trend is collected through comprehensive surveys of businesses in the industry.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to gauge the state of the economy, consumer demand, and potential areas for policy intervention or economic stimulus.
Q: Are there update delays or limitations?
A: The Monthly trend is released on a monthly basis, with a short delay to allow for data collection and processing.
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Citation
U.S. Federal Reserve, Monthly (BRIL17M647NCEN), retrieved from FRED.