Gross Domestic Product: Retail Trade (44-45) in Utah
Annual, Not Seasonally Adjusted
UTRETAILNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,455.60
Year-over-Year Change
152.83%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted U.S. retail sales. 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
The annual, not seasonally adjusted retail sales metric tracks total sales at retail establishments across the United States. It provides insight into the health and momentum of the overall economy by capturing consumer demand and purchasing behavior.
Methodology
The data is collected through monthly surveys of retail businesses by the U.S. Census Bureau.
Historical Context
Retail sales data is closely monitored by policymakers, economists, and market analysts to assess economic conditions and consumer confidence.
Key Facts
- Retail sales account for about 40% of total consumer spending in the U.S.
- The metric covers a wide range of retail businesses, from auto dealers to grocery stores.
- Robust retail sales growth is generally seen as a positive indicator of economic health.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total annual retail sales in the United States, without adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: Retail sales data is a key indicator of consumer spending and economic activity, providing insight into the overall health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail businesses conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Retail sales data is closely monitored by policymakers, economists, and market analysts to assess economic conditions and consumer confidence.
Q: Are there update delays or limitations?
A: The data is released monthly, with a typical one-month delay between the reference period and the publication of the statistics.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted Retail Sales (UTRETAILNGSP), retrieved from FRED.