SNAP Benefits Recipients in Utah
Monthly
BRUT49M647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
158,690.00
Year-over-Year Change
2.13%
Date Range
1/1/1981 - 6/1/2023
Summary
This trend measures the monthly value of total retail sales in the United States. It is a key economic indicator that provides insights into consumer spending and overall 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 Monthly Retail Sales trend tracks the dollar value of retail and food service sales in the U.S. on a monthly basis. It is a widely followed metric that helps economists and policymakers assess the health of the consumer sector and broader economy.
Methodology
The data is collected through monthly surveys of a sample of retail and food service firms.
Historical Context
This trend is closely watched by the Federal Reserve and other institutions to inform monetary policy decisions.
Key Facts
- Retail sales account for nearly 70% of U.S. economic activity.
- The trend has rebounded strongly since the COVID-19 pandemic.
- Online sales have grown rapidly as a share of total retail.
FAQs
Q: What does this economic trend measure?
A: The Monthly Retail Sales trend measures the total dollar value of retail and food service sales in the United States on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of consumer spending and overall economic activity, making it closely watched by economists, policymakers, and market analysts.
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 across the country.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely monitor this trend to inform monetary policy decisions and assess the health of the consumer sector.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical delay of a few weeks from the end of the reporting period.
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Citation
U.S. Federal Reserve, Monthly Retail Sales (BRUT49M647NCEN), retrieved from FRED.