Real Gross Domestic Product: Retail Trade (44-45) in Utah
Annual, Not Seasonally Adjusted
UTRETAILRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,521.30
Year-over-Year Change
94.86%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted retail sales trend measures total sales by U.S. retailers. 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 retail sales index represents the dollar value of merchandise sold by U.S. retailers. It is widely used by economists and policymakers to assess the health of the consumer sector and broader economy.
Methodology
The data is collected through surveys of retail businesses and compiled by the U.S. Census Bureau.
Historical Context
Retail sales are closely monitored by the Federal Reserve and other institutions to inform economic policy decisions.
Key Facts
- Retail sales account for about 30% of total U.S. economic activity.
- The retail sales index has been published monthly since the 1950s.
- Annual retail sales in the U.S. total over $5 trillion.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted retail sales trend measures the total dollar value of merchandise sold by U.S. retailers.
Q: Why is this trend relevant for users or analysts?
A: Retail sales is a crucial indicator of consumer spending and the overall health of the economy, making this trend highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Retail sales data is closely monitored by the Federal Reserve and other institutions to inform economic policy decisions.
Q: Are there update delays or limitations?
A: The retail sales data is published monthly, with a typical delay of a few weeks from the end of the reporting period.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (UTRETAILRGSP), retrieved from FRED.