Real Gross Domestic Product: Retail Trade (44-45) in Hawaii
Quarterly, Seasonally Adjusted Annual Rate
HIRETAILRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,754.50
Year-over-Year Change
25.32%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate measures the seasonally adjusted annualized rate of retail and food services sales in the United States, which is a key indicator of consumer spending and economic health.
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 series provides a quarterly, annualized measure of retail and food services sales, adjusted for seasonal variations. It is a widely tracked economic indicator that reflects consumer demand and confidence, and helps economists and policymakers assess the strength of the overall economy.
Methodology
The data is collected through monthly surveys of retail and food service businesses by the U.S. Census Bureau.
Historical Context
Retail sales data is closely monitored by the Federal Reserve and other institutions to inform economic policy decisions.
Key Facts
- Retail sales account for about 40% of total consumer spending in the U.S.
- Quarterly retail sales data is released approximately 2 weeks after the end of each quarter.
- Seasonally adjusted data helps remove predictable fluctuations due to holidays and weather.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate measures the total dollar value of retail and food services sales in the United States, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: Retail sales data is a key indicator of consumer demand and economic health, and is 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 retail and food service businesses conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Retail sales figures are closely monitored by the Federal Reserve and other institutions to help inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The quarterly retail sales data is released approximately 2 weeks after the end of each quarter, and may be subject to revisions based on additional reporting.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (HIRETAILRQGSP), retrieved from FRED.