Monthly
This dataset tracks monthly over time.
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
2/1/1960 - 1/1/2020
Summary
The 'Monthly' economic trend measures the total value of luxury goods retail sales in the United States. This key indicator provides insight into consumer spending patterns and the strength of the luxury goods market.
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 'Monthly' trend tracks monthly changes in retail sales for a range of luxury products, including high-end apparel, accessories, jewelry, and other discretionary goods. Economists and policymakers closely monitor this metric to gauge consumer confidence and the overall health of the luxury sector.
Methodology
The data is collected through monthly surveys of a representative sample of luxury goods retailers across the U.S.
Historical Context
Trends in luxury retail sales can signal broader shifts in consumer demand and economic conditions.
Key Facts
- Luxury retail sales account for over $300 billion in annual U.S. economic activity.
- The luxury goods market tends to be sensitive to changes in consumer sentiment and disposable income.
- Luxury sales data is an important leading indicator for broader economic trends.
FAQs
Q: What does this economic trend measure?
A: The 'Monthly' trend tracks the total value of retail sales for luxury goods in the United States.
Q: Why is this trend relevant for users or analysts?
A: Luxury retail sales data provides insight into consumer spending patterns and the overall health of the high-end consumer market.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of a representative sample of luxury goods retailers across the U.S.
Q: How is this trend used in economic policy?
A: Trends in luxury retail sales can signal broader shifts in consumer demand and serve as a leading indicator for the overall economy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical 4-6 week lag from the end of the reporting period.
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Citation
U.S. Federal Reserve, Monthly (LUXRECP), retrieved from FRED.