Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Luxembourg
Annual
SLRTTO01LUA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
50.72
Year-over-Year Change
-62.91%
Date Range
1/1/1995 - 1/1/2023
Summary
The Annual trend measures the total retail and food services sales in the United States, which is 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 trend represents the annual total sales for the retail and food services sectors, providing insights into consumer demand and confidence. It is widely used by economists, policymakers, and analysts to assess the health of the U.S. economy.
Methodology
The data is collected by the U.S. Census Bureau through monthly surveys of retail and food service establishments.
Historical Context
The Annual trend is a crucial input for evaluating macroeconomic conditions and guiding fiscal and monetary policy decisions.
Key Facts
- The Annual trend reached a record high of $6.6 trillion in 2021.
- Retail and food services sales account for approximately 30% of U.S. GDP.
- The COVID-19 pandemic had a significant impact on the Annual trend, with sales declining in 2020 before rebounding in 2021.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the total retail and food services sales in the United States, providing insights into consumer spending and economic activity.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend is a key indicator of the health of the U.S. economy, as consumer spending accounts for a significant portion of economic activity. It is closely monitored by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data for the Annual trend is collected by the U.S. Census Bureau through monthly surveys of retail and food service establishments.
Q: How is this trend used in economic policy?
A: The Annual trend is a crucial input for evaluating macroeconomic conditions and guiding fiscal and monetary policy decisions, as it provides insights into consumer demand and confidence.
Q: Are there update delays or limitations?
A: The Annual trend data is typically released with a delay of a few months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual (SLRTTO01LUA661N), retrieved from FRED.