Total Revenue for Engineering Services, Establishments Subject to Federal Income Tax
Millions of Dollars, Seasonally Adjusted
REV54133TMSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
94,467.00
Year-over-Year Change
29.21%
Date Range
7/1/2006 - 1/1/2025
Summary
This economic trend measures seasonally adjusted retail sales in millions of U.S. dollars. 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
Retail sales is a leading indicator that tracks the total revenue generated by the retail industry, including sales of durable and non-durable goods. This data is used by economists and policymakers to assess the strength of consumer demand and broader macroeconomic conditions.
Methodology
The U.S. Census Bureau collects and aggregates data from a sample of retail businesses to calculate this seasonally adjusted monthly metric.
Historical Context
Retail sales figures inform Federal Reserve monetary policy decisions and are closely watched by financial markets.
Key Facts
- Retail sales account for nearly 70% of U.S. economic activity.
- The data is published monthly by the U.S. Census Bureau.
- Retail sales are a leading indicator of future economic growth.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total seasonally adjusted revenue generated by the U.S. retail industry in millions of dollars.
Q: Why is this trend relevant for users or analysts?
A: Retail sales data is a key indicator of consumer demand and overall economic health, making it essential for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau surveys a sample of retail businesses to compile this monthly seasonally adjusted retail sales figure.
Q: How is this trend used in economic policy?
A: Retail sales data informs Federal Reserve monetary policy decisions and is closely watched by financial markets as a leading indicator of economic activity.
Q: Are there update delays or limitations?
A: The retail sales data is published monthly with a short lag, providing timely insights into consumer spending patterns.
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Citation
U.S. Federal Reserve, Millions of Dollars, Seasonally Adjusted (REV54133TMSA), retrieved from FRED.