Sales: Retail Trade: Total Retail Trade: Volume for Canada
Growth rate same period previous year, Annual
SLRTTO01CAA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.42
Year-over-Year Change
-580.33%
Date Range
1/1/1971 - 1/1/2021
Summary
This economic trend measures the annual growth rate of retail sales compared to the same period in the previous year. It provides important insights into 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
The retail sales growth rate year-over-year is a key indicator of consumer demand and overall economic health. Analysts and policymakers closely monitor this metric to assess the strength of the consumer sector and make informed decisions.
Methodology
The U.S. Census Bureau collects retail sales data through surveys of businesses and calculates the annual growth rate.
Historical Context
This trend is widely used by economists, investors, and policymakers to understand consumer behavior and its impact on the broader economy.
Key Facts
- Retail sales account for nearly 30% of total U.S. economic activity.
- Consumer spending drives over two-thirds of the U.S. gross domestic product (GDP).
- The retail sales growth rate is a leading indicator of economic trends and business cycles.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual growth rate of retail sales in the United States compared to the same period in the previous year.
Q: Why is this trend relevant for users or analysts?
A: The retail sales growth rate is a crucial indicator of consumer demand and overall economic health, making it highly relevant for economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects retail sales data through surveys of businesses and calculates the annual growth rate.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor this trend to assess the strength of the consumer sector and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The retail sales growth rate data is published monthly by the U.S. Census Bureau, with a typical delay of a few weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (SLRTTO01CAA659S), retrieved from FRED.