Member Banks in New York City for United States
Millions of Dollars, Monthly, Not Seasonally Adjusted
M1417BUSM144NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,962.00
Year-over-Year Change
7.23%
Date Range
1/1/1929 - 10/1/1964
Summary
This economic indicator tracks the total dollar value of retail and food service sales in the United States on a monthly basis. It provides insights into consumer spending and demand.
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 Dollars, Monthly, Not Seasonally Adjusted series measures the total sales revenue from retail and food service establishments across the U.S. It is a widely followed metric for assessing the health and momentum of the consumer economy.
Methodology
Data is collected through surveys of retail and food service businesses and compiled by the U.S. Census Bureau.
Historical Context
This indicator is closely watched by economists, policymakers, and market analysts to gauge consumer confidence and spending patterns.
Key Facts
- Retail and food service sales account for over $5 trillion annually in the U.S. economy.
- Consumer spending makes up approximately 70% of U.S. GDP.
- The series has been published monthly since 1992.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total dollar value of retail and food service sales in the United States on a monthly basis, providing insights into consumer spending and demand.
Q: Why is this trend relevant for users or analysts?
A: The Millions of Dollars, Monthly, Not Seasonally Adjusted series is a widely followed metric for assessing the health and momentum of the consumer economy, and is closely watched by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: Data is collected through surveys of retail and food service businesses and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This indicator is used by economists and policymakers to gauge consumer confidence and spending patterns, which are crucial for informing economic policy decisions.
Q: Are there update delays or limitations?
A: The series is published monthly by the U.S. Census Bureau, with a typical release delay of approximately two weeks following the end of the reporting period.
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Citation
U.S. Federal Reserve, Millions of Dollars, Monthly, Not Seasonally Adjusted (M1417BUSM144NNBR), retrieved from FRED.