Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Electricity, Gas, Steam, and Air Conditioning Supply for Turkiye
Seasonally Adjusted
TURPREND401IXOBSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128.28
Year-over-Year Change
4.56%
Date Range
1/1/1986 - 1/1/2024
Summary
The Seasonally Adjusted Turnover Index measures the month-over-month change in retail sales adjusted for seasonal variations. It provides 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 Seasonally Adjusted Turnover Index tracks changes in retail sales while accounting for predictable seasonal patterns like holiday shopping or summer vacations. This allows analysts to identify underlying trends in consumer demand.
Methodology
The index is calculated by the U.S. Census Bureau using data on retail sales receipts.
Historical Context
Policymakers and market analysts closely monitor this index to gauge the health of the consumer sector and broader economy.
Key Facts
- The index uses a base year of 2015.
- Retail sales account for about 30% of U.S. GDP.
- Data is released monthly by the U.S. Census Bureau.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted Turnover Index measures month-over-month changes in retail sales, accounting for predictable seasonal patterns.
Q: Why is this trend relevant for users or analysts?
A: It provides a timely indicator of consumer spending and economic activity, which are key drivers of overall economic performance.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Census Bureau using data on retail sales receipts.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts monitor this index to gauge the health of the consumer sector and broader economy.
Q: Are there update delays or limitations?
A: The data is released monthly by the Census Bureau with a typical 2-week delay.
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Citation
U.S. Federal Reserve, Seasonally Adjusted Turnover Index (TURPREND401IXOBSAQ), retrieved from FRED.