Sales: Retail Trade: Total Retail Trade: Volume for Estonia
Growth rate same period previous year, Annual
SLRTTO01EEA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.99
Year-over-Year Change
-153.96%
Date Range
1/1/1999 - 1/1/2024
Summary
The 'Growth rate same period previous year, Annual' metric measures the year-over-year change in total retail sales, a key indicator of 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
This annual growth rate provides insight into the momentum and underlying trends in consumer demand, which is a major driver of the broader U.S. economy. Economists and policymakers closely monitor this data to assess the health of the retail sector and its implications for the overall economic outlook.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on monthly surveys of retail and food service establishments.
Historical Context
Trends in retail sales growth are closely watched by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Retail sales account for nearly 70% of U.S. economic activity.
- The annual growth rate reached a high of 18.7% in March 2021.
- Slower growth can signal weakening consumer confidence and economic conditions.
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 total retail sales in the United States.
Q: Why is this trend relevant for users or analysts?
A: Retail sales are a key indicator of consumer spending and overall economic activity, so this annual growth rate provides important insights into the health and momentum of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on monthly surveys of retail and food service establishments.
Q: How is this trend used in economic policy?
A: Trends in retail sales growth are closely watched by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions that aim to support economic growth and stability.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 2-week lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (SLRTTO01EEA659S), retrieved from FRED.