Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Colombia
COLSLRTTO01IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.54
Year-over-Year Change
7.72%
Date Range
1/1/2013 - 1/1/2024
Summary
This economic trend measures the volume of retail trade activity in Colombia, excluding the motor vehicle and motorcycle sectors. It provides insights into the overall health and consumer demand in the Colombian economy.
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 changes in the real value of sales across a broad range of retail establishments in Colombia. It is a key indicator used by economists and policymakers to assess consumer spending patterns and broader economic conditions.
Methodology
The data is collected through monthly surveys of retail businesses and calculated as a volume index adjusted for inflation.
Historical Context
Analysts and government agencies monitor this trend to inform economic policy and understand consumer behavior.
Key Facts
- Colombia's retail trade volume index uses 2015 as the base year.
- The index covers over 60% of total retail sales in Colombia.
- Retail trade is a major contributor to Colombia's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real volume of retail trade activity in Colombia, excluding motor vehicles and motorcycles. It provides insights into consumer spending patterns and the overall health of the Colombian economy.
Q: Why is this trend relevant for users or analysts?
A: The Retail Trade Volume index is a key indicator used by economists, policymakers, and market analysts to assess consumer demand, economic growth, and the performance of the retail sector in Colombia.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail businesses in Colombia and calculated as a volume index adjusted for inflation.
Q: How is this trend used in economic policy?
A: Government agencies and central banks monitor this trend to inform economic policy decisions and understand consumer behavior, which can impact inflation, interest rates, and other macroeconomic factors.
Q: Are there update delays or limitations?
A: The Retail Trade Volume index is published monthly, with a typical delay of 2-3 months. There may be some limitations in coverage or sampling that can affect the representativeness of the data.
Related Trends
Business Tendency Surveys: Employment: Economic Activity: Manufacturing: Future Tendency for Colombia
COLBSEMFT02STSAQ
Infra-Annual Labor Statistics: Unemployment Rate Female: 15 Years or over for Colombia
COLLRUNTTFESTSAM
Gross National Income for Colombia
MKTGNICOA646NWDB
Use of Financial Services Borrowers: Persons Borrowing from Other Deposit Takers for Colombia
COLFCRODDPENUM
Value of Exports to Colombia from Colorado
COCOLA052SCEN
Infra-Annual Labor Statistics: Employment Female: From 15 to 64 Years for Colombia
COLLFEM64FESTSAM
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 Colombia (COLSLRTTO01IXOBQ), retrieved from FRED.