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What’s New in CARTS 2.1? Updates to Our Index Tracking National Retail Sales
Abstract: In this Chicago Fed Insights article, we provide an update on the Chicago Fed Advance Retail Trade Summary (CARTS). As readers may remember, CARTS debuted in mid-2021. A summary measure of multiple high-frequency indicators of retail sales (including payment card transactions, foot traffic, gas sales, and consumer sentiment), CARTS grew out of pandemic-era research that aimed to improve the timeliness and reliability of traditional measures of U.S. retail spending.
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Bibliographic Information
Provider: Federal Reserve Bank of Chicago
Publication Date: 2024-07