Sales: Retail Trade: Total Retail Trade: Volume for Germany
Growth rate same period previous year, Annual
SLRTTO01DEA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.93
Year-over-Year Change
4419.73%
Date Range
1/1/1956 - 1/1/2024
Summary
The 'Growth rate same period previous year, Annual' metric measures the year-over-year change in real retail sales, providing insight into consumer spending trends and 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
This annual growth rate compares current-year retail sales to the same period in the prior year, capturing the momentum and direction of consumer demand. It is a key indicator used by economists and policymakers to assess the health and trajectory of the broader economy.
Methodology
The data is calculated by the U.S. Census Bureau based on monthly retail trade surveys.
Historical Context
This metric is closely watched by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The metric tracks year-over-year change in real retail sales.
- It provides insight into the strength of consumer spending.
- The data is published monthly by the U.S. Census Bureau.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Annual' metric measures the year-over-year change in real retail sales, capturing the momentum and direction of consumer spending.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator used by economists and policymakers to assess the health and trajectory of the broader economy, as consumer spending accounts for a large portion of economic activity.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Census Bureau based on monthly retail trade surveys.
Q: How is this trend used in economic policy?
A: This metric is closely watched by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions, as it provides insights into consumer demand and economic growth.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Census Bureau, with some lag from the reference period.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (SLRTTO01DEA659S), retrieved from FRED.