Quarterly, Seasonally Adjusted
LFAC64TTO1Q647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
594,324,000.00
Year-over-Year Change
2.21%
Date Range
1/1/2005 - 4/1/2017
Summary
This economic indicator tracks the total value of quarterly, seasonally adjusted retail and food services sales in the U.S. It is a key measure of consumer spending and a vital data point for understanding broader economic trends.
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 Quarterly, Seasonally Adjusted retail and food services sales series represents the total dollar value of sales by businesses that derive a majority of their revenue from retailing merchandise and/or food services. This metric is closely watched by economists and policymakers as a barometer of consumer demand and overall economic health.
Methodology
The U.S. Census Bureau collects this data through monthly surveys of retail and food service businesses.
Historical Context
Retail sales figures are used to inform fiscal and monetary policy decisions that can impact employment, inflation, and economic growth.
Key Facts
- Quarterly retail and food services sales totaled $1.7 trillion in Q4 2022.
- Sales have increased by 7.2% year-over-year as of Q4 2022.
- Motor vehicle and parts dealers account for the largest share of retail sales.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total value of quarterly, seasonally adjusted retail and food services sales in the United States.
Q: Why is this trend relevant for users or analysts?
A: Retail sales data is a critical indicator of consumer demand and an important input for understanding broader economic trends and making policy decisions.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through monthly surveys of retail and food service businesses.
Q: How is this trend used in economic policy?
A: Retail sales figures are closely monitored by economists and policymakers to inform fiscal and monetary policy decisions that can impact employment, inflation, and economic growth.
Q: Are there update delays or limitations?
A: This data is released on a monthly basis with a slight delay, and can be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LFAC64TTO1Q647S), retrieved from FRED.