Daily
SVNRECD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
12/6/2019 - 8/31/2022
Summary
The Daily Retail Sales Index measures the volume of daily retail sales in the United States, providing a timely 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
The Daily Retail Sales Index is a proprietary metric developed by the U.S. Federal Reserve to track real-time changes in consumer spending across various retail sectors. It serves as an important early signal of broader economic trends.
Methodology
The index is calculated based on a statistical model that aggregates daily sales data from a sample of large retail and food service companies.
Historical Context
Policymakers and analysts closely monitor this index to gain insights into the health of the consumer economy.
Key Facts
- The Daily Retail Sales Index is published each business day.
- It covers over 70% of total U.S. retail and food service sales.
- The index is seasonally adjusted to account for typical weekly and holiday patterns.
FAQs
Q: What does this economic trend measure?
A: The Daily Retail Sales Index measures the daily volume of retail sales and consumer spending across a broad range of sectors in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This high-frequency indicator provides timely insights into the strength of consumer demand, a key driver of overall economic activity.
Q: How is this data collected or calculated?
A: The index is calculated based on a statistical model that aggregates daily sales data from a sample of large retail and food service companies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor the Daily Retail Sales Index to gain real-time visibility into the health of consumer spending, which is a critical component of the U.S. economy.
Q: Are there update delays or limitations?
A: The Daily Retail Sales Index is published each business day, providing timely information. However, the underlying data may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Daily Retail Sales Index (SVNRECD), retrieved from FRED.