Daily
This dataset tracks daily over time.
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
2/1/1960 - 8/31/2022
Summary
The OECD Retail Confidence Indicator (OECDRECD) measures consumer confidence in the retail sector, which is a key economic indicator for monitoring consumer spending behavior.
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 OECD Retail Confidence Indicator is a composite index that reflects retailers' assessments of sales, orders, and inventories. It is used to gauge the overall health and near-term outlook of the retail industry.
Methodology
The data is collected through business surveys conducted by the OECD.
Historical Context
The retail confidence indicator provides insight into consumer demand and can inform economic policy decisions.
Key Facts
- The index ranges from 0 to 200, with 100 indicating a neutral outlook.
- Retail sales account for a significant portion of GDP in most developed economies.
- Declining retail confidence often precedes broader economic downturns.
FAQs
Q: What does this economic trend measure?
A: The OECD Retail Confidence Indicator measures the overall sentiment and near-term outlook of the retail industry.
Q: Why is this trend relevant for users or analysts?
A: Retail confidence is a leading indicator of consumer spending, which is a crucial driver of economic growth. Monitoring this trend can provide insights into the health of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through business surveys conducted by the OECD.
Q: How is this trend used in economic policy?
A: Retail confidence data can inform policymakers and central banks about the state of consumer demand, which can influence decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The OECD Retail Confidence Indicator is published monthly, and there may be a delay of several weeks between the survey period and the data release.
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Citation
U.S. Federal Reserve, OECD Retail Confidence Indicator (OECDRECD), retrieved from FRED.