Growth Rate Same Period Previous Year, Annual, Not Seasonally Adjusted
SLRTTO01G7A659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.62
Year-over-Year Change
-36.69%
Date Range
1/1/1971 - 1/1/2016
Summary
This economic indicator measures the annual growth rate of retail sales compared to the same period in the previous year. It provides 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 is a key metric used to assess the health and momentum of the U.S. consumer economy. It tracks changes in the total value of goods sold by retailers, offering a real-time gauge of consumer demand and confidence.
Methodology
The data is collected through monthly surveys of retail establishments by the U.S. Census Bureau.
Historical Context
Policymakers and analysts monitor this indicator to understand broader economic trends and make informed decisions.
Key Facts
- Retail sales account for nearly 70% of U.S. economic activity.
- The growth rate is reported monthly by the U.S. Census Bureau.
- Positive growth signals expanding consumer demand and a healthy economy.
FAQs
Q: What does this economic trend measure?
A: The retail sales growth rate measures the annual percentage change in the total value of goods sold by U.S. retailers compared to the same period in the previous year.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides real-time insight into consumer spending and confidence, which are vital components of the broader U.S. economy. It helps policymakers and analysts gauge economic momentum and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail establishments conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor the retail sales growth rate to assess consumer demand, inform monetary policy decisions, and identify potential economic risks or opportunities.
Q: Are there update delays or limitations?
A: The retail sales growth rate data is released monthly by the Census Bureau, with a typical delay of around two weeks after the end of the reference period.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Annual, Not Seasonally Adjusted (SLRTTO01G7A659S), retrieved from FRED.