Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Ireland
IRLSLRTTO01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128.39
Year-over-Year Change
-0.41%
Date Range
1/1/2000 - 4/1/2024
Summary
This economic indicator measures the volume of retail trade in Ireland, excluding motor vehicles and motorcycles. It provides insight 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 Volume index tracks the total value of sales by Irish retailers across various product categories. It is a key gauge of domestic demand and consumer confidence, helping economists and policymakers assess the health of the Irish economy.
Methodology
The data is collected through surveys of Irish retail businesses and calculated as an index based on sales volumes.
Historical Context
Retail trade data is closely monitored by the Central Bank of Ireland and other institutions to inform economic policy decisions.
Key Facts
- Ireland's retail trade index has a base year of 2015.
- Retail sales account for over a third of Ireland's GDP.
- The index excludes motor vehicle and motorcycle sales.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total volume of retail sales in Ireland, excluding the motor vehicle and motorcycle sectors.
Q: Why is this trend relevant for users or analysts?
A: Retail trade data provides insight into consumer spending and confidence, which are crucial indicators of domestic economic health.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Irish retail businesses and calculated as an index based on sales volumes.
Q: How is this trend used in economic policy?
A: Retail trade data is closely monitored by the Central Bank of Ireland and other institutions to inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the typical lags and limitations of economic surveys, but is generally considered a reliable and timely indicator of Irish consumer activity.
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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 Ireland (IRLSLRTTO01IXOBM), retrieved from FRED.