Sales: Retail Trade: Car Registration: Passenger Cars for Sweden
Growth rate previous period, Annual, Seasonally Adjusted
SLRTCR03SEA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-17.38
Year-over-Year Change
-5.42%
Date Range
1/1/1974 - 1/1/2020
Summary
This economic trend measures the growth rate of retail trade and food services sales from the previous period on an annual, seasonally adjusted basis. 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 growth rate previous period, annual, seasonally adjusted trend tracks the year-over-year percentage change in retail and food services sales, which account for a significant portion of consumer spending. This metric is closely watched by economists and policymakers as an indicator of economic momentum and consumer confidence.
Methodology
The data is collected through monthly surveys of retail and food services businesses by the U.S. Census Bureau.
Historical Context
This trend is used to inform economic policy decisions and provide context for financial market analysis.
Key Facts
- Retail and food services sales account for nearly 50% of total consumer spending in the U.S.
- The growth rate trend has shown significant volatility during the COVID-19 pandemic.
- Economists use this metric to gauge the strength of the consumer-driven sectors of the economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percentage change in retail trade and food services sales, providing insights into consumer spending patterns and the overall health of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is closely watched by economists and policymakers as a key indicator of economic momentum and consumer confidence, which are crucial for understanding the state of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail and food services businesses by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is used to inform economic policy decisions and provide context for financial market analysis, as it reflects the strength of consumer-driven sectors of the economy.
Q: Are there update delays or limitations?
A: The data for this trend is released monthly by the U.S. Census Bureau, with a typical delay of around two weeks.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (SLRTCR03SEA657S), retrieved from FRED.