Sales: Retail trade: Total retail trade: Volume for the European Union
EU28SLRTTO01GPSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.08
Year-over-Year Change
46.62%
Date Range
2/1/1995 - 1/1/2020
Summary
This economic trend measures the total retail trade volume for the European Union, providing insights into 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: Total Retail Trade: Volume for the European Union is a key indicator of consumer demand and confidence. It tracks the overall volume of retail sales across the EU, which is an important gauge of economic health and can inform policy decisions.
Methodology
The data is collected through surveys of retail businesses across the EU member states.
Historical Context
This trend is closely watched by policymakers, analysts, and businesses to understand broader economic conditions and consumer behavior.
Key Facts
- The EU retail trade volume index is based on 2015 as the reference year.
- Retail trade accounts for around 19% of total economic activity in the EU.
- Germany, France, and the UK are the largest retail markets in the European Union.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of retail trade across the European Union, providing an indicator of consumer spending and demand.
Q: Why is this trend relevant for users or analysts?
A: The retail trade volume is a key gauge of economic health and consumer confidence, which is important for policymakers, businesses, and analysts to monitor.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses across the EU member states.
Q: How is this trend used in economic policy?
A: Policymakers and institutions closely watch this trend to understand broader economic conditions and consumer behavior, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Sales: Retail trade: Total retail trade: Volume for the European Union (EU28SLRTTO01GPSAM), retrieved from FRED.