Gross Domestic Product: Retail Trade (44-45) in Wisconsin
Quarterly, Seasonally Adjusted Annual Rate
WIRETAILNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30,033.40
Year-over-Year Change
19.83%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (WIRETAILNQGSP) measures the total value of retail and food services sales in the United States on an annualized basis. This key economic indicator provides insights into consumer spending and overall 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 Quarterly, Seasonally Adjusted Annual Rate (WIRETAILNQGSP) represents the total dollar value of sales by retailers and food service establishments, adjusted for seasonal variations. This metric is widely used by economists and policymakers to assess the health of the consumer sector and broader economic trends.
Methodology
The U.S. Census Bureau collects data on retail and food service sales through monthly surveys of businesses.
Historical Context
The WIRETAILNQGSP trend is closely monitored by the Federal Reserve and other economic institutions to inform monetary policy decisions and understand consumer behavior.
Key Facts
- The WIRETAILNQGSP trend is reported on a quarterly basis.
- Retail and food service sales account for nearly 70% of U.S. economic activity.
- Consumer spending is a major driver of overall economic growth in the United States.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (WIRETAILNQGSP) measures the total value of retail and food services sales in the United States on an annualized basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into consumer spending patterns and the overall health of the U.S. economy, making it a key indicator monitored by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects data on retail and food service sales through monthly surveys of businesses.
Q: How is this trend used in economic policy?
A: The WIRETAILNQGSP trend is closely monitored by the Federal Reserve and other economic institutions to inform monetary policy decisions and understand consumer behavior.
Q: Are there update delays or limitations?
A: The WIRETAILNQGSP data is reported on a quarterly basis, with a delay of approximately one month after the end of each quarter.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (WIRETAILNQGSP), retrieved from FRED.