Sales: Retail Trade: Total Retail Trade: Volume for Slovak Republic
Growth rate previous period, Annual
SLRTTO01SKA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.57
Year-over-Year Change
-586.83%
Date Range
1/1/1996 - 1/1/2024
Summary
The 'Growth rate previous period, Annual' trend measures the year-over-year change in real retail and food services sales in the United States. This key indicator provides insight into consumer spending and overall 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 economic series tracks the annual growth rate of real retail and food services sales, which represents consumer spending on goods and services. It is a closely watched indicator of the health and direction of the U.S. economy.
Methodology
The data is calculated based on surveys of retail and food service businesses conducted by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this metric to assess consumer demand and make informed decisions about monetary and fiscal policies.
Key Facts
- The series dates back to 1992.
- The annual growth rate reached a high of 8.2% in 2021.
- Retail and food services sales account for nearly 50% of total consumer spending in the U.S.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Annual' series tracks the year-over-year change in real retail and food services sales in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into consumer spending patterns and the overall health of the U.S. economy, making it a key indicator for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail and food service businesses conducted by the U.S. Census Bureau and then used to calculate the annual growth rate.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor this indicator to assess consumer demand and make informed decisions about monetary and fiscal policies that can support economic growth.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Census Bureau, with a typical release lag of around 2 months. The series may be subject to revisions as more complete information becomes available.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Slovak Republic
SVKCP010000CTGYM
Consumer Price Index: Harmonized Prices: All Items: Total for Slovak Republic
CPHPTT01SKM657N
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels for Slovak Republic
SVKCPHP0400GYM
National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Slovak Republic
NAEXKP03SKQ652S
Harmonized Index of Consumer Prices: Glassware, Tableware and Household Utensils for Slovakia
CP0540SKM086NEST
Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Slovak Republic
CPGRLE01SKQ657N
Citation
U.S. Federal Reserve, Growth rate previous period, Annual (SLRTTO01SKA657S), retrieved from FRED.