Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Total for Russia
Quarterly
RUSPIEAMI01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.05
Year-over-Year Change
-1377.89%
Date Range
1/1/2015 - 10/1/2021
Summary
The Quarterly Retail Sales: Food Services and Drinking Places trend measures monthly sales at food service and drinking establishments in the United States. It is an important 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 trend represents the total sales volume for restaurants, bars, and other food and beverage service providers. It is a key metric for analyzing the health of the consumer sector and can provide insights into broader economic conditions.
Methodology
The data is collected through monthly surveys of businesses in the food service and drinking establishments industry.
Historical Context
Policymakers and analysts use this trend to gauge consumer confidence and monitor the performance of a major component of the services sector.
Key Facts
- Food services and drinking places account for about 4% of total U.S. GDP.
- This trend has shown steady growth over the past decade, with some volatility during economic downturns.
- Sales at food service and drinking establishments are closely tied to consumer confidence and discretionary spending.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Retail Sales: Food Services and Drinking Places trend measures monthly sales at restaurants, bars, and other food and beverage service providers in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of consumer spending and can provide insights into the overall health of the economy, as food services and drinking places account for a significant portion of consumer expenditures.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses in the food service and drinking establishments industry.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to gauge consumer confidence and monitor the performance of a major component of the services sector, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a lag of approximately one month. There may be some limitations in capturing certain types of food service and drinking establishments, but the trend provides a comprehensive view of the industry.
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Citation
U.S. Federal Reserve, Quarterly Retail Sales: Food Services and Drinking Places (RUSPIEAMI01GPQ), retrieved from FRED.