Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Colombia
COLSLRTTO01IXOBSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
129.09
Year-over-Year Change
6.44%
Date Range
1/1/2013 - 1/1/2024
Summary
This economic indicator measures the volume of retail trade activity in Colombia, excluding sales of motor vehicles and motorcycles. It provides insight 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 sectors in Colombia. It is a key indicator of consumer spending and economic activity that is closely monitored by policymakers and analysts.
Methodology
The data is collected through surveys of retail businesses and calculated as an index with a base year of 2015.
Historical Context
Retail trade data is widely used to assess the strength of domestic demand and consumption in the Colombian economy.
Key Facts
- The base year for the index is 2015.
- Retail trade accounts for over 60% of GDP in Colombia.
- The index excludes sales of motor vehicles and motorcycles.
FAQs
Q: What does this economic trend measure?
A: The Retail Trade Volume index measures the real value of retail sales across a broad range of sectors in Colombia, excluding motor vehicles and motorcycles.
Q: Why is this trend relevant for users or analysts?
A: Retail trade data is a key indicator of consumer spending and economic activity, providing important insights into the strength of domestic demand in Colombia.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses and calculated as an index with a base year of 2015.
Q: How is this trend used in economic policy?
A: Retail trade data is widely used by policymakers and analysts to assess the health of the Colombian economy and consumer demand.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule, but may be subject to revisions or delays due to the survey-based collection process.
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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 Colombia (COLSLRTTO01IXOBSAQ), retrieved from FRED.