Retail Sales: Full Service Restaurants
Percent Change from Preceding Period
MRTSMPCSM7221USN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-9.40
Year-over-Year Change
-25.98%
Date Range
2/1/1992 - 1/1/2020
Summary
The 'Percent Change from Preceding Period' trend measures the monthly percentage change in retail sales of motor vehicle and parts dealers in the U.S. This data provides insight into consumer spending and the health of the auto industry.
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 trend represents the month-over-month percent change in sales for motor vehicle and parts dealers, a key sector of the U.S. retail industry. It is used by economists and policymakers to track consumer demand and automotive market performance.
Methodology
The U.S. Census Bureau collects this data through monthly surveys of retail businesses.
Historical Context
Analysts and policymakers monitor this indicator to assess consumer confidence and the broader economic outlook.
Key Facts
- Motor vehicle and parts dealers account for over 20% of total U.S. retail sales.
- Retail sales data leads broader economic indicators by several months.
- The auto industry is a major driver of U.S. manufacturing and employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly percentage change in retail sales for motor vehicle and parts dealers in the United States.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into consumer spending patterns and the health of the automotive industry, which is a key driver of the broader U.S. economy.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through monthly surveys of retail businesses.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this indicator to assess consumer confidence and the overall economic outlook, which informs fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: This data is released on a monthly basis with a typical 2-3 week delay from the end of the reference period.
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Retail Sales: Men's Clothing Stores
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Citation
U.S. Federal Reserve, Percent Change from Preceding Period (MRTSMPCSM7221USN), retrieved from FRED.