Daily
EURORECDP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
12/6/2019 - 8/31/2022
Summary
The 'Daily' economic indicator tracks the euro area retail trade data on a daily basis, providing near real-time insights into consumer spending trends.
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 'Daily' indicator is a high-frequency measure of euro area retail sales, a key component of economic growth. It offers an early signal of consumer confidence and demand that can inform policy decisions.
Methodology
The data is collected directly from retailer transactions and aggregated to generate the daily index.
Historical Context
This high-frequency retail data is closely monitored by central banks and analysts to assess the economic outlook.
Key Facts
- The 'Daily' indicator is updated each business day.
- It covers retail sales across 19 euro area countries.
- The index is benchmarked to 2015 average retail activity.
FAQs
Q: What does this economic trend measure?
A: The 'Daily' indicator tracks real-time retail trade data for the euro area, providing a high-frequency measure of consumer spending.
Q: Why is this trend relevant for users or analysts?
A: This near real-time retail data offers an early signal of consumer confidence and demand, which is crucial for assessing the broader economic outlook.
Q: How is this data collected or calculated?
A: The data is collected directly from retailer transactions and aggregated to generate the daily retail trade index.
Q: How is this trend used in economic policy?
A: The 'Daily' indicator is closely monitored by central banks and analysts to inform policy decisions and assess the state of the euro area economy.
Q: Are there update delays or limitations?
A: The 'Daily' indicator is updated each business day, providing timely insights, but may be subject to revisions as more complete data becomes available.
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Citation
U.S. Federal Reserve, Daily (EURORECDP), retrieved from FRED.