Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for OECD
OECDSLRTTO01IXOBSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118.53
Year-over-Year Change
5.62%
Date Range
1/1/1970 - 10/1/2023
Summary
This economic trend measures the volume of retail trade activity, excluding motor vehicles and motorcycles, across OECD countries. It provides insights into consumer demand and the overall health of the retail sector.
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 real volume of sales in the retail trade industry, a key indicator of consumer spending and economic activity. Economists and policymakers use this data to analyze trends in consumer behavior and the broader economy.
Methodology
The data is collected through surveys of retail businesses and calculated as an index with a base year of 2015.
Historical Context
Retail trade data informs decisions by central banks, governments, and market analysts on economic policy and business strategies.
Key Facts
- Retail trade accounts for over 15% of GDP in most OECD countries.
- The index uses 2015 as the base year with a value of 100.
- The data is released monthly with a 1-2 month lag.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real volume of retail trade activity, excluding motor vehicles and motorcycles, across OECD countries. It provides insights into consumer demand and the overall health of the retail sector.
Q: Why is this trend relevant for users or analysts?
A: Retail trade data is a key indicator of consumer spending and economic activity, making it highly relevant for economists, policymakers, and market analysts to monitor trends and inform their decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses and calculated as an index with a base year of 2015.
Q: How is this trend used in economic policy?
A: Retail trade data informs decisions by central banks, governments, and market analysts on economic policy and business strategies.
Q: Are there update delays or limitations?
A: The data is released monthly with a 1-2 month lag.
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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 OECD (OECDSLRTTO01IXOBSAQ), retrieved from FRED.