Retail Sales: Jewelry Stores
Millions of Dollars, Not Seasonally Adjusted
MRTSSM44831USN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,839.00
Year-over-Year Change
12.39%
Date Range
1/1/1992 - 2/1/2021
Summary
This economic trend measures total monthly retail sales for the U.S. motor vehicle and parts dealers industry. 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 Dollars, Not Seasonally Adjusted series tracks the total value of retail sales by motor vehicle and parts dealers in the United States. It provides insights into consumer demand and the overall health of the automotive industry.
Methodology
The data is collected through monthly surveys of retail businesses by the U.S. Census Bureau.
Historical Context
Policymakers and analysts closely monitor this metric to assess consumer confidence and make informed decisions.
Key Facts
- Motor vehicle and parts dealers account for over 20% of total U.S. retail sales.
- Retail sales by motor vehicle and parts dealers reached a record high of $142 billion in December 2021.
- The COVID-19 pandemic had a significant impact on motor vehicle sales, which declined sharply in 2020 but have since rebounded.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monthly retail sales for the U.S. motor vehicle and parts dealers industry, providing insights into consumer demand and economic activity.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by policymakers, economists, and investors as a key indicator of consumer spending and the overall health of the automotive industry.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail businesses by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess consumer confidence and make informed decisions about economic policies and interventions.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Census Bureau, with a typical delay of around 2 weeks.
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Citation
U.S. Federal Reserve, Millions of Dollars, Not Seasonally Adjusted (MRTSSM44831USN), retrieved from FRED.