Producer Prices Index: Type of Goods: Investments Goods: Domestic for Luxembourg
Growth rate same period previous year, Monthly
LUXPITGVG02GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.31
Year-over-Year Change
137.69%
Date Range
1/1/1981 - 12/1/2022
Summary
The Growth Rate Same Period Previous Year, Monthly measures the year-over-year change in retail sales, providing insights into consumer spending and 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
This series tracks the monthly growth rate of retail and food services sales compared to the same month in the previous year. It is a key indicator of consumer demand and an important input for assessing the overall health of the U.S. economy.
Methodology
The data is collected through monthly surveys of retail and food service businesses by the U.S. Census Bureau.
Historical Context
Economists and policymakers monitor this trend to gauge consumer confidence and make informed decisions about monetary and fiscal policies.
Key Facts
- The series is published monthly by the U.S. Census Bureau.
- Year-over-year growth rates can signal changes in consumer confidence and economic conditions.
- The data is used by the Federal Reserve and other policymakers to assess the strength of the U.S. economy.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Same Period Previous Year, Monthly measures the year-over-year change in retail and food services sales, providing insights into consumer spending and economic activity.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of consumer demand and an important input for assessing the overall health of the U.S. economy. Economists and policymakers closely monitor this data to gauge consumer confidence and make informed decisions.
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: Economists and policymakers at institutions like the Federal Reserve use this trend to evaluate consumer spending and make decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Census Bureau, with a typical release lag of around two weeks.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (LUXPITGVG02GYM), retrieved from FRED.