Sales: Retail Trade: Car Registration: Passenger Cars for Luxembourg
Growth rate previous period, Annual, Seasonally Adjusted
SLRTCR03LUA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-17.85
Year-over-Year Change
-992.19%
Date Range
1/1/1963 - 1/1/2020
Summary
This economic trend measures the annual growth rate of retail sales, adjusted for seasonal variations. It provides insights into consumer spending patterns and the overall health of the U.S. economy.
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 sales growth rate tracks changes in the total value of sales for retail establishments, offering a key indicator of consumer demand and economic activity. Policymakers and analysts use this data to assess the strength of the consumer sector and make informed decisions.
Methodology
The U.S. Census Bureau collects retail sales data through monthly surveys of a sample of retail businesses.
Historical Context
Retail sales growth is closely monitored by the Federal Reserve and other institutions to gauge the trajectory of the economy and inform policy decisions.
Key Facts
- Retail sales account for nearly 50% of total consumer spending in the U.S.
- The retail sales growth rate reached a high of 18.3% in May 2021 as the economy recovered from the COVID-19 pandemic.
- Declines in the retail sales growth rate can signal an economic slowdown or potential recession.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual growth rate of retail sales in the United States, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: Retail sales growth is a key indicator of consumer demand and overall economic health, making it relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects retail sales data through monthly surveys of a sample of retail businesses.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely monitor retail sales growth to gauge the trajectory of the economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The retail sales growth rate data is released monthly by the U.S. Census Bureau, with a typical delay of a few weeks.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (SLRTCR03LUA657S), retrieved from FRED.