SNAP Benefits Recipients in Maine
Monthly
BRME23M647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
167,887.00
Year-over-Year Change
1.99%
Date Range
1/1/1981 - 6/1/2023
Summary
This series measures the monthly total business revenue for the U.S. retail sector. It provides important insights into the overall health and performance of the consumer 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 Monthly Total Business Revenue for Retail (BRME23M647NCEN) series tracks the total sales revenue generated by U.S. retail establishments on a monthly basis. It is a key indicator of consumer spending patterns and can help analysts assess the state of the broader economy.
Methodology
The data is collected through surveys of retail businesses conducted by the U.S. Census Bureau.
Historical Context
Policymakers and economists closely monitor this metric to gauge consumer confidence and make informed decisions.
Key Facts
- Retail sales account for nearly 30% of total U.S. economic activity.
- Consumer spending is the largest component of GDP, making up over two-thirds of the total.
- The retail sector employs over 15 million people in the United States.
FAQs
Q: What does this economic trend measure?
A: The Monthly Total Business Revenue for Retail (BRME23M647NCEN) series tracks the total sales revenue generated by U.S. retail establishments on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into consumer spending patterns and the overall health of the U.S. economy, making it a key indicator for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this metric to gauge consumer confidence and make informed decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of several weeks between the reference period and the publication date.
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Citation
U.S. Federal Reserve, Monthly Total Business Revenue for Retail (BRME23M647NCEN), retrieved from FRED.