Sales: Retail Trade: Total Retail Trade: Value for Ireland
Index 2015=100, Annual, Not Seasonally Adjusted
SLRTTO02IEA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126.49
Year-over-Year Change
31.00%
Date Range
1/1/2000 - 1/1/2022
Summary
This economic trend measures the retail sales index for the retail trade sector in the United States. It provides insights into consumer spending patterns and helps policymakers and analysts assess the overall health 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 retail sales index tracks changes in the value of sales by a broad range of retail establishments. It is a key indicator of consumer demand and a crucial data point for economists and policymakers monitoring economic conditions.
Methodology
The data is collected through monthly surveys of retail businesses and calculated based on the total value of sales.
Historical Context
The retail sales index is closely watched by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The retail sales index uses 2015 as the base year.
- It covers a broad range of retail establishments, including stores, restaurants, and online merchants.
- Trends in the retail sales index can signal changes in consumer confidence and the overall health of the economy.
FAQs
Q: What does this economic trend measure?
A: The retail sales index measures the total value of sales by a broad range of retail establishments in the United States.
Q: Why is this trend relevant for users or analysts?
A: The retail sales index is a crucial indicator of consumer demand and economic health, providing valuable insights for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail businesses and calculated based on the total value of sales.
Q: How is this trend used in economic policy?
A: The retail sales index is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The retail sales index data is typically released on a monthly basis with a short delay, providing timely insights into consumer spending patterns.
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Citation
U.S. Federal Reserve, Index 2015=100, Annual, Not Seasonally Adjusted (SLRTTO02IEA661N), retrieved from FRED.