Business Tendency Surveys: Composite Business Confidence: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Russia
RUSBRCICP02STSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.00
Year-over-Year Change
-150.00%
Date Range
1/1/1998 - 10/1/2021
Summary
The Business Tendency Surveys: Composite Business Confidence: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Russia measures the overall confidence of Russian retail businesses, excluding auto sales. This indicator provides valuable insights into the health and outlook of the Russian 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
This survey-based metric captures the overall business sentiment and expectations of Russian retail firms, excluding the automotive industry. It serves as a leading indicator of future economic conditions and consumer demand in the Russian retail market.
Methodology
The data is collected through survey responses from a representative sample of Russian retail businesses.
Historical Context
Policymakers and analysts use this indicator to assess the current state and near-term prospects of the Russian retail sector, which is a crucial component of the broader economy.
Key Facts
- The indicator ranges from 0 to 100, with values above 50 signaling positive sentiment.
- Russian retail confidence reached a recent high of 65.5 in March 2022.
- The retail sector accounts for over 15% of Russia's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the overall business confidence and expectations of Russian retail firms, excluding the automotive industry. It serves as a leading indicator of the health and outlook of the Russian retail sector.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides valuable insights into the current state and near-term prospects of the Russian retail market, which is a crucial component of the broader economy. It helps policymakers and analysts assess consumer demand and overall economic conditions in Russia.
Q: How is this data collected or calculated?
A: The data is collected through survey responses from a representative sample of Russian retail businesses.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to gauge the health and outlook of the Russian retail sector, which informs their assessments of the broader economic conditions and helps guide policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule, but there may be delays or limitations in its availability depending on the source.
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Citation
U.S. Federal Reserve, Business Tendency Surveys: Composite Business Confidence: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Russia (RUSBRCICP02STSAQ), retrieved from FRED.