Daily
This dataset tracks daily over time.
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
2/1/1960 - 7/31/2022
Summary
The Daily Retail Sales Index (AUSRECD) measures daily changes in retail sales activity in Australia. This high-frequency indicator provides timely insights into consumer spending and economic conditions.
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 Daily Retail Sales Index tracks point-of-sale transactions from a sample of Australian retailers. It offers a more immediate view of consumer demand compared to traditional monthly retail sales reports.
Methodology
The data is collected through electronic payments processed by a major Australian bank.
Historical Context
Economists and policymakers closely monitor daily retail trends to assess the health of the consumer sector and broader economy.
Key Facts
- The index is published each business day.
- It covers over 75% of Australia's retail sales.
- Daily retail sales dropped sharply during COVID-19 lockdowns.
FAQs
Q: What does this economic trend measure?
A: The Daily Retail Sales Index tracks point-of-sale transactions from a sample of Australian retailers, providing a timely indicator of consumer spending and demand.
Q: Why is this trend relevant for users or analysts?
A: This high-frequency data offers faster insights into the consumer sector compared to traditional monthly retail sales reports, making it valuable for economists and policymakers monitoring economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through electronic payments processed by a major Australian bank.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely follow daily retail trends to assess the health of consumer spending and the broader economy, informing policy decisions.
Q: Are there update delays or limitations?
A: The index is published each business day, providing timely data with minimal delays.
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Citation
U.S. Federal Reserve, Daily Retail Sales Index (AUSRECD), retrieved from FRED.