Retail Sales: GAFO (General Merchandise Normally Sold in Department Stores)
This dataset tracks retail sales: gafo (general merchandise normally sold in department stores) over time.
Latest Value
9.50
Year-over-Year Change
-10.38%
Date Range
2/1/1992 - 5/1/2025
Summary
The Retail Sales: GAFO (General Merchandise Normally Sold in Department Stores) metric tracks total sales for a broad category of retail establishments, providing insights into consumer spending patterns and economic conditions.
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 indicator measures retail sales for a range of general merchandise categories that are typically sold in department stores, including apparel, furniture, electronics, and other products. It serves as an important barometer for the health of the broader retail sector and consumer confidence.
Methodology
The data is collected through monthly surveys of retail establishments by the U.S. Census Bureau.
Historical Context
Policymakers and economists closely monitor this retail sales metric to gauge the strength of consumer demand and broader economic trends.
Key Facts
- GAFO represents about 30% of total retail sales.
- Retail sales account for over two-thirds of U.S. economic activity.
- Department store sales have declined in recent years as consumers shift to online shopping.
FAQs
Q: What does this economic trend measure?
A: The Retail Sales: GAFO metric tracks total sales for a broad category of retail establishments, including department stores, specialty shops, and other general merchandise outlets.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into consumer spending patterns and the overall health of the retail sector, which is a key driver of the U.S. economy.
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: Policymakers and economists closely monitor this retail sales metric to gauge the strength of consumer demand and inform decisions related to monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of around two weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Retail Sales: GAFO (General Merchandise Normally Sold in Department Stores) (MRTSMPCSM4400CUSN), retrieved from FRED.