Production: Manufacturing: Intermediate Goods: Total for Estonia
Monthly, Seasonally Adjusted
ESTPRMNIG01IXOBSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.71
Year-over-Year Change
-12.97%
Date Range
1/1/2000 - 11/1/2023
Summary
The Monthly, Seasonally Adjusted data series tracks changes in the monthly index of estimated retail sales and food services in the United States. It provides a timely indicator of consumer spending trends and economic conditions.
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
This index measures the nominal dollar value of retail and food service sales across a wide range of business types, including general merchandise, automobile, and grocery stores. It is a closely watched indicator of consumer demand and a key input for economic forecasting and policymaking.
Methodology
The data is collected through monthly surveys of retail and food service businesses by the U.S. Census Bureau.
Historical Context
The retail sales index is used by the Federal Reserve, economists, and investors to assess the strength of consumer activity and guide monetary policy decisions.
Key Facts
- The retail sales index accounts for about 70% of U.S. personal consumption expenditures.
- Monthly retail sales data is released around the 15th of each month by the U.S. Census Bureau.
- Consumer spending makes up around 70% of U.S. gross domestic product (GDP).
FAQs
Q: What does this economic trend measure?
A: The Monthly, Seasonally Adjusted data series tracks changes in the monthly index of estimated retail sales and food services in the United States.
Q: Why is this trend relevant for users or analysts?
A: The retail sales index is a closely watched indicator of consumer demand and a key input for economic forecasting and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail and food service businesses by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The retail sales index is used by the Federal Reserve, economists, and investors to assess the strength of consumer activity and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: Monthly retail sales data is released around the 15th of each month by the U.S. Census Bureau.
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Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (ESTPRMNIG01IXOBSAM), retrieved from FRED.