Real Gross Domestic Product: Retail Trade (44-45) in Nebraska
Annual, Not Seasonally Adjusted
NERETAILRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,577.20
Year-over-Year Change
33.34%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted retail and food services sales measures total annual retail and food services sales in the United States. 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
This data series tracks the total value of retail and food services sales made by businesses to consumers, without adjusting for seasonal variations. It is a widely followed metric that provides insight into the health and trajectory of the U.S. economy.
Methodology
The data is collected through monthly surveys of retail and food services establishments.
Historical Context
Economists and policymakers use this metric to assess consumer demand and overall economic conditions.
Key Facts
- Retail and food services sales account for nearly 30% of U.S. GDP.
- Annual retail sales have grown by over 50% in the past two decades.
- The COVID-19 pandemic led to a sharp decline in retail sales in 2020.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted retail and food services sales measures the total value of goods and services sold by U.S. retail and food establishments on an annual basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into consumer demand and overall economic activity, which are critical for businesses, investors, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail and food services establishments conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess the health of the consumer sector and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a lag of approximately two months between the end of the reference period and the publication of the data.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (NERETAILRGSP), retrieved from FRED.