Sales: Retail Trade: Total Retail Trade: Volume for Hungary
Growth rate same period previous year
SLRTTO01HUA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.79
Year-over-Year Change
-231.93%
Date Range
1/1/1993 - 1/1/2024
Summary
The Growth Rate Same Period Previous Year tracks the year-over-year change in retail and food services sales in the U.S., providing insight into consumer spending patterns.
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 economic indicator measures the annual percentage change in retail and food services sales compared to the same period in the previous year. It offers a timely gauge of consumer demand and can signal broader economic trends.
Methodology
The data is collected through monthly surveys of retail and food service businesses across the United States.
Historical Context
Retail sales data is closely monitored by policymakers, analysts, and investors to assess the health of the consumer economy.
Key Facts
- The series dates back to 1992.
- Retail sales account for nearly 30% of total U.S. economic activity.
- Consumer spending is a key driver of economic growth in the United States.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Same Period Previous Year tracks the year-over-year change in retail and food services sales in the United States.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into consumer demand and spending patterns, which are crucial signals of the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail and food service businesses across the United States.
Q: How is this trend used in economic policy?
A: Retail sales data is closely monitored by policymakers, analysts, and investors to assess the strength of the consumer economy and inform economic decision-making.
Q: Are there update delays or limitations?
A: The data is published monthly with a relatively short time lag, allowing for timely analysis of consumer spending trends.
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Citation
U.S. Federal Reserve, Growth rate same period previous year (SLRTTO01HUA659S), retrieved from FRED.