Retail Sales: Full Service Restaurants
SM722511USN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27,530.00
Year-over-Year Change
12.82%
Date Range
1/1/1992 - 1/1/2020
Summary
The Retail Sales: Full Service Restaurants trend measures monthly sales at U.S. restaurants that provide full table service. It 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 data series tracks the total value of sales at restaurants that offer full-service dining, including ordering, seating, and table service. It is an important economic indicator that reflects consumer demand and confidence.
Methodology
The data is collected through monthly surveys of retail establishments by the U.S. Census Bureau.
Historical Context
Retail sales, including restaurant spending, are closely monitored by policymakers and analysts to assess the health of the broader economy.
Key Facts
- Restaurant sales account for over 50% of total food service and drinking place revenues in the U.S.
- Full-service restaurants saw sales decline over 40% during the COVID-19 pandemic in 2020.
- The restaurant industry employs over 11 million people in the United States.
FAQs
Q: What does this economic trend measure?
A: The Retail Sales: Full Service Restaurants trend measures the total monthly sales at U.S. restaurants that provide full table service, including ordering, seating, and waiter/waitress service.
Q: Why is this trend relevant for users or analysts?
A: This data is an important indicator of consumer spending and economic activity, as it reflects demand for discretionary restaurant services. It is closely watched by policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail establishments conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Retail sales, including restaurant spending, are closely monitored by the Federal Reserve and other policymakers to assess the health of the broader economy and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Retail Sales: Full Service Restaurants data is released on a monthly basis, with a short lag, by the U.S. Census Bureau. There may be revisions to prior months' data as more complete information becomes available.
Related Trends
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Advance Retail Sales: Retail Trade and Food Services
RSAFS
Advance Retail Sales: Food Services and Drinking Places
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MRTSSM4532USN
Retail Sales: Warehouse Clubs and Supercenters
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Retail Sales: All Other General Merchandise Stores
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Citation
U.S. Federal Reserve, Retail Sales: Full Service Restaurants (SM722511USN), retrieved from FRED.