Sales: Retail Trade: Car Registration: Passenger Cars for Czech Republic
Growth rate previous period, Annual, Seasonally Adjusted
SLRTCR03CZA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-18.78
Year-over-Year Change
-504.67%
Date Range
1/1/2004 - 1/1/2020
Summary
This economic trend measures the annual growth rate of retail sales, adjusted for seasonal variations. It provides insights into the momentum and trajectory of consumer spending, a key driver of economic growth.
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 previous period, annual, seasonally adjusted metric tracks the year-over-year change in retail sales, accounting for typical seasonal patterns. It is a widely followed indicator of consumer demand and a barometer for the overall health of the U.S. economy.
Methodology
The data is collected through surveys of retail establishments and calculated as a year-over-year percent change.
Historical Context
Policymakers and analysts closely monitor this trend to assess the strength of consumer spending and make informed decisions about monetary and fiscal policies.
Key Facts
- Retail sales account for about 30% of total U.S. economic activity.
- Consumer spending has historically contributed around 70% of U.S. GDP.
- Seasonally adjusted data smooths out typical fluctuations in retail sales.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual growth rate of retail sales in the United States, adjusting for seasonal variations in consumer spending patterns.
Q: Why is this trend relevant for users or analysts?
A: Retail sales are a key indicator of consumer demand and economic health, making this trend an important data point for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and calculated as a year-over-year percent change in seasonally adjusted retail sales.
Q: How is this trend used in economic policy?
A: Policymakers at the Federal Reserve and other institutions closely monitor this trend to assess the strength of consumer spending and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Census Bureau, with a typical delay of a few weeks. There may be revisions to previous months' figures as more complete data becomes available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (SLRTCR03CZA657S), retrieved from FRED.