Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Hungary
HUNSARTMISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.62
Year-over-Year Change
3.61%
Date Range
1/1/1992 - 3/1/2024
Summary
This economic trend measures the volume of retail trade activity in Hungary, excluding sales of motor vehicles and motorcycles. It provides valuable insights into consumer demand and overall economic health.
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 total value of retail sales, adjusted for inflation. It serves as an important indicator of consumer spending and confidence, which are crucial drivers of economic growth.
Methodology
The data is collected through surveys of retail businesses and calculated as an index by the Hungarian Central Statistical Office.
Historical Context
Retail trade data is closely monitored by policymakers and analysts to inform economic policy decisions and market forecasts.
Key Facts
- The index is published monthly by the Hungarian Central Statistical Office.
- Retail trade accounts for over 30% of Hungary's GDP.
- Trend data can signal shifts in household consumption patterns.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of retail trade activity in Hungary, excluding sales of motor vehicles and motorcycles.
Q: Why is this trend relevant for users or analysts?
A: Retail trade data provides valuable insights into consumer demand and confidence, which are key drivers of economic growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses and calculated as an index by the Hungarian Central Statistical Office.
Q: How is this trend used in economic policy?
A: Retail trade data is closely monitored by policymakers and analysts to inform economic policy decisions and market forecasts.
Q: Are there update delays or limitations?
A: The index is published monthly with minimal delays, providing timely data on the retail sector.
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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 Hungary (HUNSARTMISMEI), retrieved from FRED.