Leading Indicators OECD: Component series: Sales: Original series for Estonia
ESTLOCOSLORIXOBSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
177.21
Year-over-Year Change
14.32%
Date Range
1/1/1995 - 10/1/2022
Summary
The Leading Indicators OECD: Component series: Sales: Original series for Estonia tracks changes in retail sales activity, a key indicator of consumer demand and economic health in Estonia.
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
This index measures the volume of retail sales in Estonia, providing insight into consumer spending patterns and broader economic trends. Economists and policymakers monitor this data to assess the state of the Estonian economy.
Methodology
The data is collected through surveys of retail establishments and calculated as an index based on a reference period.
Historical Context
Retail sales are a vital economic indicator used to inform monetary and fiscal policy decisions.
Key Facts
- Estonia's retail sales index has a base year of 2015.
- Retail sales account for over 50% of Estonia's GDP.
- The index is published monthly by the OECD.
FAQs
Q: What does this economic trend measure?
A: This index tracks the volume of retail sales in Estonia, providing insight into consumer demand and spending patterns.
Q: Why is this trend relevant for users or analysts?
A: Retail sales are a key indicator of economic health, making this data vital for economists, policymakers, and market analysts assessing the Estonian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and calculated as an index based on a reference period.
Q: How is this trend used in economic policy?
A: Retail sales data is used by central banks and governments to inform monetary and fiscal policy decisions, as consumer spending is a major driver of economic growth.
Q: Are there update delays or limitations?
A: The index is published monthly by the OECD, with some potential for slight delays in data availability.
Related Trends
Balance of Payments: Services: Expenditure for Estonia
ESTB6DBSE01NCCUSAQ
Nominal Gross Capital Formation for Estonia
NIXDCESA
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Estonia
ESTCPHP0800GYM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Estonia
ESTCP030000IXOBM
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Estonia
PRINTO01EEA661S
Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: From 15 to 24 Years for Estonia
LRHU24TTEEQ156S
Citation
U.S. Federal Reserve, Leading Indicators OECD: Component series: Sales: Original series for Estonia (ESTLOCOSLORIXOBSAM), retrieved from FRED.