Composite Leading Indicators: Composite Leading Indicator (CLI) Trend Restored for NAFTA
Growth rate same period previous year
NAFTALOLITOTRGYSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.81
Year-over-Year Change
-820.10%
Date Range
2/1/1956 - 1/1/2024
Summary
The 'Growth rate same period previous year' trend measures the year-over-year change in total retail sales for the North American Free Trade Agreement (NAFTA) region. This metric provides insight into the strength and trajectory of consumer spending, a key indicator of overall economic health.
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 economic indicator tracks the annual percent change in total retail sales for the NAFTA countries of Canada, Mexico, and the United States. It is a useful gauge of consumer demand and can inform analysts and policymakers about the broader macroeconomic environment.
Methodology
The data is collected by national statistical agencies and compiled by the U.S. Federal Reserve.
Historical Context
Retail sales figures are closely monitored by central banks, governments, and market participants to assess consumer confidence and guide economic policies.
Key Facts
- NAFTA is a trade agreement between Canada, Mexico, and the United States.
- Retail sales account for about 30% of total economic activity in NAFTA countries.
- Consumer spending is a major driver of GDP growth in the NAFTA region.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year' trend tracks the annual percent change in total retail sales for the North American Free Trade Agreement (NAFTA) region, which includes Canada, Mexico, and the United States.
Q: Why is this trend relevant for users or analysts?
A: Retail sales figures are a key indicator of consumer demand and economic health, so this metric provides valuable insights for policymakers, businesses, and market participants operating in the NAFTA countries.
Q: How is this data collected or calculated?
A: The data is collected by national statistical agencies in each NAFTA country and then compiled by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Central banks, governments, and other economic stakeholders closely monitor retail sales data to assess consumer confidence and guide policies that impact consumer spending, trade, and overall economic growth in the NAFTA region.
Q: Are there update delays or limitations?
A: The data is subject to the release schedules of the national statistical agencies, so there may be a lag of several weeks or months before the most recent figures are available.
Related Trends
Composite Leading Indicators: Reference Series (GDP) Normalized for NAFTA
NAFTALORSGPNOSTSAM
Leading Indicators OECD: Leading Indicators: Composite Leading Indicator: Amplitude Adjusted for NAFTA
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U.S. Imports of Goods by Customs Basis from NAFTA with Canada (Consumption)
IMP0006
U.S. Exports of Goods by F.A.S. Basis to NAFTA with Mexico (Consumption)
EXP0005
Composite Leading Indicators: Reference Series (GDP) Trend for NAFTA
NAFTALORSGPTDSTSAM
U.S. Imports of Goods by Customs Basis from NAFTA with Mexico (Consumption)
IMP0005
Citation
U.S. Federal Reserve, Growth rate same period previous year (NAFTALOLITOTRGYSAM), retrieved from FRED.