Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for G7
G7SLRTTO01IXOBSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.80
Year-over-Year Change
2.73%
Date Range
1/1/1970 - 10/1/2023
Summary
This economic indicator measures the retail trade volume, excluding motor vehicles and motorcycles, across the G7 countries. It is a key measure of 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 Volume indicator tracks the total volume of retail sales, providing insight into consumer demand and the overall health of the economy. It is a widely-used metric by economists and policymakers to assess economic conditions.
Methodology
The data is compiled from national statistical agencies and harmonized by the OECD.
Historical Context
Retail trade volumes are closely monitored by central banks, finance ministries, and market analysts to inform economic policy and investment decisions.
Key Facts
- Covers retail sales in the G7 countries: US, Japan, Germany, UK, France, Italy, Canada.
- Excludes motor vehicles and motorcycles, focusing on other retail sectors.
- A leading indicator of economic growth and consumer confidence.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total volume of retail sales across the G7 countries, excluding motor vehicles and motorcycles. It provides insight into consumer demand and overall economic activity.
Q: Why is this trend relevant for users or analysts?
A: Retail trade volumes are a key metric used by economists, policymakers, and market analysts to assess the health of the economy and consumer spending patterns.
Q: How is this data collected or calculated?
A: The data is compiled from national statistical agencies and harmonized by the OECD to provide a standardized, cross-country measure.
Q: How is this trend used in economic policy?
A: Central banks, finance ministries, and other institutions closely monitor retail trade volumes to inform monetary and fiscal policy decisions that impact consumer spending and economic growth.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month lag, and may be subject to revisions as more complete information becomes available.
Related Trends
Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 24 Years for G7
G7LFIN24TTSTQ
Balance of Payments: Goods: Expenditure for G7
G7B6DBTD01CXCUQ
Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 24 Years for G7
G7LREM24TTSTQ
Infra-Annual Labor Statistics: Employment Female: From 15 to 24 Years for G7
G7LFEM24FEGPQ
International Merchandise Trade Statistics: Exports: Commodities for G7
G7XTEXVA01CXMLSAM
Balance of Payments: Direct Investment: Net (Assets Minus Liabilities) for G7
G7B6FADI01CXCUQ
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 G7 (G7SLRTTO01IXOBSAQ), retrieved from FRED.