Nominal Imports of Services for Russia
Annual
NMSXDCRUA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,807,921.30
Year-over-Year Change
109.56%
Date Range
1/1/1990 - 1/1/2022
Summary
The Annual trend measures the annual change in the total value of sales at US merchants, 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 Annual trend tracks the year-over-year percent change in nominal retail and food services sales, providing insight into the overall strength of consumer demand in the US economy.
Methodology
The data is collected through monthly surveys of US retail and food service businesses.
Historical Context
This trend is closely watched by economists, policymakers, and market analysts to assess the health of the consumer sector.
Key Facts
- Annual retail sales grew by 8.2% in 2021.
- Retail sales account for nearly 30% of total US economic activity.
- The Annual trend bottomed out at -3.1% in April 2020 during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in nominal retail and food services sales in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a high-level gauge of consumer spending and demand, which is a critical driver of overall economic activity in the US.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of US retail and food service businesses.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the Annual trend to assess the health of the consumer sector and make informed decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The Annual data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Annual (NMSXDCRUA), retrieved from FRED.