Chain-Type Quantity Index for Real GDP: Other Services (Except Government and Government Enterprises) (81) in Rhode Island
Quarterly, Seasonally Adjusted
RIOTHSERVEQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
87.90
Year-over-Year Change
-7.31%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted series measures retail and food services sales in the U.S. 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 dollar value of retail and food services sales, adjusted for seasonal variation. It is a widely followed economic indicator that provides insight into consumer demand and the health of the broader economy.
Methodology
The data is collected through monthly surveys of retail and food service establishments by the U.S. Census Bureau.
Historical Context
Policymakers and analysts monitor this metric to gauge consumer confidence and make informed decisions.
Key Facts
- Retail and food services sales account for nearly 70% of U.S. gross domestic product.
- The series is released monthly by the U.S. Census Bureau.
- Consumer spending is a key driver of economic growth in the United States.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the total dollar value of retail and food services sales in the United States, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This metric is a crucial indicator of consumer spending and economic activity, providing insights into the health of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail and food service establishments by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this indicator to gauge consumer confidence and make informed decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is released monthly by the Census Bureau, with a typical delay of around two weeks.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (RIOTHSERVEQQGSP), retrieved from FRED.