Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in Rhode Island
Quarterly, Seasonally Adjusted
RIWHOLEQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
92.29
Year-over-Year Change
-6.65%
Date Range
1/1/2005 - 1/1/2025
Summary
The Retail and Food Services Sales: Wholesale Trade, Seasonally Adjusted measure tracks changes in total sales by wholesale trade businesses. It is a key indicator of overall economic activity and consumer demand.
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 Retail and Food Services Sales: Wholesale Trade, Seasonally Adjusted data series represents the dollar value of sales by wholesale trade establishments. This metric provides insight into the strength of the wholesale sector and broader trends in business-to-business commerce.
Methodology
The U.S. Census Bureau collects this data through monthly surveys of wholesale trade businesses.
Historical Context
Wholesale trade data is closely watched by economists, policymakers, and market analysts as a barometer of B2B economic conditions.
Key Facts
- Wholesale trade represents about 30% of total U.S. retail and food services sales.
- Wholesale trade sales grew over 12% year-over-year as of the latest data.
- The wholesale sector employs over 6 million people in the United States.
FAQs
Q: What does this economic trend measure?
A: The Retail and Food Services Sales: Wholesale Trade, Seasonally Adjusted metric tracks the total dollar value of sales by wholesale trade businesses in the United States.
Q: Why is this trend relevant for users or analysts?
A: Wholesale trade data provides important insights into the overall health of the economy, consumer demand, and business-to-business commerce.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through monthly surveys of wholesale trade establishments.
Q: How is this trend used in economic policy?
A: Wholesale trade figures are closely monitored by economists, policymakers, and market analysts as an indicator of broader economic conditions and a key input for policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month lag from the reference period.
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Citation
U.S. Federal Reserve, Retail and Food Services Sales: Wholesale Trade, Seasonally Adjusted (RIWHOLEQQGSP), retrieved from FRED.