New Private Housing Units Authorized by Building Permits, Value for United States
Millions of Current Dollars, Monthly, Not Seasonally Adjusted
M0205CUSM398NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,005.00
Year-over-Year Change
21.08%
Date Range
1/1/1959 - 12/1/1963
Summary
This trend measures the total dollar value of retail and food services sales in the United States on a monthly basis, without seasonal adjustments. It is a key indicator of 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
The 'Millions of Current Dollars, Monthly, Not Seasonally Adjusted' series tracks the nominal dollar value of retail and food services sales transactions across the U.S. economy. This provides important insights into the strength of consumer demand and the health of the broader economy.
Methodology
The data is collected through monthly surveys of retail and food service businesses by the U.S. Census Bureau.
Historical Context
Policymakers and analysts closely monitor this metric to assess current economic conditions and make informed decisions.
Key Facts
- Retail and food services sales account for nearly 70% of U.S. GDP.
- The data is released monthly, approximately 15 days after the end of the reference period.
- This metric does not adjust for inflation or seasonal patterns.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total nominal dollar value of retail and food services sales transactions in the United States on a monthly basis, without adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: Retail and food services sales are a key indicator of consumer spending and overall economic activity, making this metric highly relevant for policymakers, investors, and economists.
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: Policymakers and central banks closely monitor this metric to assess the strength of consumer demand and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released approximately 15 days after the end of the reference period and does not adjust for inflation or seasonal patterns.
Related Trends
Value of Total Building Permits for Chicago, IL
A02047US16980A398NNBR
Oak Flooring Shipments for United States
M02121USM388NNBR
Increases in Railroad Mileage for United States
A02082USA374NNBR
Private New Construction Activity, Industrial Buildings for United States
M02185USM398NNBR
Expenditures for New Private Nonfarm Housekeeping Units, Constant Dollars for United States
A02270USA379NNBR
Net Public Construction, Excluding Military (Constant Dollars) for United States
A02214USA379NNBR
Citation
U.S. Federal Reserve, Millions of Current Dollars, Monthly, Not Seasonally Adjusted (M0205CUSM398NNBR), retrieved from FRED.