Financial Market: Real Effective Exchange Rates: CPI Based for Russia
Annual
CCRETT01RUA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.71
Year-over-Year Change
-22.27%
Date Range
1/1/1993 - 1/1/2024
Summary
The Annual trend measures the annual rate of change in retail sales in the United States. This metric is a key indicator of consumer spending and economic growth.
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 trend tracks the year-over-year percent change in retail sales, which include the total revenue generated by retail establishments. This data is used by economists and policymakers to assess the health of the consumer sector and overall economic conditions.
Methodology
The data is collected through monthly surveys of retail businesses by the U.S. Census Bureau.
Historical Context
Retail sales figures are closely watched by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Retail sales account for nearly 30% of total U.S. economic activity.
- Consumer spending makes up over two-thirds of U.S. GDP.
- The U.S. retail sector employs over 15 million workers.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in total retail sales in the United States.
Q: Why is this trend relevant for users or analysts?
A: Retail sales data is a key indicator of consumer spending and economic growth, making it an important metric for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail businesses by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Retail sales figures are closely watched by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a brief lag, providing timely insight into consumer spending trends.
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Citation
U.S. Federal Reserve, Annual (CCRETT01RUA661N), retrieved from FRED.