Sales: Retail Trade: Car Registration: Passenger Cars for United States
Growth rate same period previous year, Quarterly
SLRTCR03USQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-15.03
Year-over-Year Change
-1.87%
Date Range
1/1/1960 - 7/1/2021
Summary
This economic trend measures the year-over-year growth rate of the U.S. retail trade, calculated on a quarterly basis. It provides insights into the health and momentum of consumer spending, a key driver 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 same period previous year, Quarterly metric tracks the percentage change in U.S. retail trade compared to the same quarter in the previous year. It offers an important perspective on consumer activity and spending patterns, which are crucial indicators for economists and policymakers analyzing economic performance.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on surveys of retail establishments.
Historical Context
This trend is widely used by analysts, investors, and policymakers to assess the strength of consumer demand and its implications for broader economic conditions.
Key Facts
- The U.S. retail trade accounts for over two-thirds of GDP.
- Quarterly growth rates can signal changes in consumer confidence and spending habits.
- Strong retail growth is often associated with broader economic expansion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percentage change in U.S. retail trade on a quarterly basis, providing insights into consumer spending patterns.
Q: Why is this trend relevant for users or analysts?
A: The growth rate in retail trade is a crucial indicator of consumer demand and economic health, informing analyses and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on surveys of retail establishments.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this metric to assess the strength of consumer spending and its implications for broader economic conditions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical lag of one to two months from the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (SLRTCR03USQ659S), retrieved from FRED.