Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Minnesota
Annual, Not Seasonally Adjusted
MNRETAILQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.73
Year-over-Year Change
46.23%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted trend measures retail sales in the United States. It provides valuable 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 retail sales metric tracks the total value of goods sold by retailers across the country. It is a key indicator of consumer demand and confidence, and is closely watched by economists and policymakers.
Methodology
The data is collected through monthly surveys of retail establishments.
Historical Context
Retail sales figures help inform monetary and fiscal policy decisions.
Key Facts
- Retail sales account for about 30% of total consumer spending in the U.S.
- The metric excludes automobile and gasoline sales to focus on core retail activity.
- Retail sales data is released monthly by the U.S. Census Bureau.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted retail sales trend tracks the total value of goods sold by retailers across the United States.
Q: Why is this trend relevant for users or analysts?
A: Retail sales data provides valuable insights into consumer demand and economic activity, which are closely monitored by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail establishments conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Retail sales figures help inform monetary and fiscal policy decisions, as consumer spending is a key driver of economic growth.
Q: Are there update delays or limitations?
A: The retail sales data is released monthly, with a lag of approximately two weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (MNRETAILQGSP), retrieved from FRED.