Contracts for Streets, Roads, and Bridges for United States
Millions of Current Dollars, Monthly, Not Seasonally Adjusted
M0293BUSM398NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.11
Year-over-Year Change
-67.17%
Date Range
1/1/1932 - 10/1/1943
Summary
This economic trend measures the value of total retail and food services sales in the United States on a monthly basis. 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 represents the total dollar value of retail and food services sales before adjusting for seasonal variations. It provides insight into the health and trajectory of the U.S. consumer economy.
Methodology
The data is collected through monthly surveys of retail and food service businesses across the country.
Historical Context
This metric is closely watched by policymakers, economists, and investors to gauge consumer confidence and make informed decisions.
Key Facts
- Retail and food services sales account for nearly 70% of U.S. GDP.
- This metric has shown steady growth since the 2008-2009 recession.
- Monthly retail sales data is one of the earliest economic indicators released each month.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of retail and food services sales in the United States on a monthly basis, before adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into consumer spending and the overall health of the U.S. economy, making it a closely watched indicator by policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail and food service businesses across the country.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge consumer confidence and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a relatively short delay, making it one of the earliest economic indicators available each month.
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Citation
U.S. Federal Reserve, Millions of Current Dollars, Monthly, Not Seasonally Adjusted (M0293BUSM398NNBR), retrieved from FRED.