Sales: Retail Trade: Total Retail Trade: Value for Australia
AUSSARTMDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36,511,800,000.00
Year-over-Year Change
2.20%
Date Range
4/1/1982 - 11/1/2023
Summary
This economic trend measures the total value of retail trade in Australia, 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 Retail Trade indicator tracks the monthly sales of goods by Australian retailers, providing insight into consumer demand and the overall health of the Australian economy.
Methodology
The data is collected through surveys of Australian retail businesses.
Historical Context
Retail trade data is closely monitored by policymakers and analysts to assess the strength of domestic consumption.
Key Facts
- Australia is one of the world's largest retail markets.
- Retail trade accounts for over 4% of Australia's GDP.
- Monthly retail sales data is a leading indicator of economic performance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of retail trade in Australia, including sales of goods by retailers to households and businesses.
Q: Why is this trend relevant for users or analysts?
A: Retail trade is a key indicator of consumer spending and economic activity, making it crucial for policymakers and analysts to monitor.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of Australian retail businesses.
Q: How is this trend used in economic policy?
A: Retail trade data is closely watched by the Reserve Bank of Australia and other policymakers to assess the strength of domestic consumption and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The retail trade data is released with a short lag, typically 4-6 weeks after the end of the reference month.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Total Retail Trade: Value for Australia (AUSSARTMDSMEI), retrieved from FRED.