Sales: Retail Trade: Total Retail Trade: Volume for United States
Growth rate previous period, Annual
SLRTTO01USA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.24
Year-over-Year Change
-107.98%
Date Range
1/1/1956 - 1/1/2024
Summary
The annual growth rate of the previous period measures the year-over-year change in a given economic variable. This metric is closely watched by economists and policymakers to assess the health and momentum of the economy.
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 growth rate previous period, annual metric tracks the percent change in an economic indicator compared to the same period a year earlier. This allows analysts to identify broader trends and cyclical patterns beyond short-term fluctuations.
Methodology
This data is calculated by the U.S. Bureau of Economic Analysis using relevant source data.
Historical Context
The annual growth rate is a key input for economic forecasting and policy decisions.
Key Facts
- The annual growth rate can signal economic expansion or contraction.
- Growth rates are calculated across many economic series, including GDP, employment, and inflation.
- Central banks monitor growth rates to guide monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The annual growth rate of the previous period measures the year-over-year change in a given economic variable, such as GDP, employment, or inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers to assess the overall health and momentum of the economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using relevant source data.
Q: How is this trend used in economic policy?
A: The annual growth rate is a key input for economic forecasting and policy decisions made by central banks, governments, and other institutions.
Q: Are there update delays or limitations?
A: Growth rate data is typically published with a short lag, but may be subject to revisions as more complete source data becomes available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual (SLRTTO01USA657S), retrieved from FRED.