Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Canada
CANSARTAISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122.98
Year-over-Year Change
37.45%
Date Range
1/1/1991 - 1/1/2023
Summary
This economic trend measures the volume of retail trade in Canada, excluding the sale of motor vehicles and motorcycles. It provides insights into the overall level of economic activity and consumer spending in the Canadian retail sector.
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 Volume index tracks the monthly change in the total value of retail sales, adjusted for inflation. It is a key indicator of consumer demand and the health of the Canadian economy, as consumer spending accounts for a significant portion of GDP.
Methodology
The data is collected through surveys of retail businesses and calculated by Statistics Canada.
Historical Context
Policymakers and analysts use this trend to assess the state of the Canadian consumer economy and make informed decisions about monetary and fiscal policies.
Key Facts
- Retail trade accounts for approximately 70% of Canada's GDP.
- The index is seasonally adjusted to account for regular fluctuations in consumer spending.
- Retail trade data is an important leading indicator of overall economic performance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly change in the total volume of retail sales in Canada, excluding motor vehicles and motorcycles.
Q: Why is this trend relevant for users or analysts?
A: The Retail Trade Volume index is a key indicator of consumer demand and the overall health of the Canadian economy, as consumer spending accounts for a significant portion of GDP.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses and calculated by Statistics Canada.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the state of the Canadian consumer economy and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical delay of 6-8 weeks.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Canada (CANSARTAISMEI), retrieved from FRED.