Monetary Aggregates and Their Components: Broad Money and Components: M3 for Russia
Growth rate same period previous year, Monthly, Seasonally Adjusted
RUSMABMM301GYSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.76
Year-over-Year Change
1.13%
Date Range
7/1/1996 - 3/1/2023
Summary
This economic trend measures the year-over-year growth rate in retail sales, adjusted for seasonal variations. It provides insight into the momentum and direction of consumer spending, a key driver of 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 growth rate same period previous year is a widely tracked metric that compares retail sales in the current month to the same month a year earlier. This helps analysts and policymakers understand the underlying strength and trajectory of the consumer economy.
Methodology
The data is collected through monthly surveys of retail businesses and calculated as a percent change from the prior year.
Historical Context
This retail sales growth metric is closely watched by the Federal Reserve and other economic institutions to assess consumer demand and inflationary pressures.
Key Facts
- Retail sales account for about 70% of U.S. economic activity.
- The year-over-year growth rate averaged 6.3% from 1992-2022.
- Retail sales growth slowed to 3.1% in January 2023 amid high inflation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in retail sales, adjusted for seasonal variations. It provides insight into the momentum and direction of consumer spending.
Q: Why is this trend relevant for users or analysts?
A: Retail sales growth is a key indicator of consumer demand and economic health. This metric is closely watched by policymakers, economists, and investors to assess the strength of the consumer economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail businesses and calculated as a percent change from the prior year's corresponding month.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other economic institutions use this retail sales growth metric to evaluate consumer demand and inflationary pressures, which informs their monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released with a one-month lag, and the seasonal adjustment process can be subject to revisions as new information becomes available.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly, Seasonally Adjusted (RUSMABMM301GYSAM), retrieved from FRED.