Producer Prices Index: Type of Goods: Durable Consumer Goods: Domestic for Russia
Quarterly
RUSPITGCD02GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.84
Year-over-Year Change
35.48%
Date Range
1/1/2015 - 10/1/2021
Summary
The Quarterly Retail Sales: Total for Russia measure changes in total retail sales over time, providing insights 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 Quarterly Retail Sales: Total for Russia captures the total value of retail transactions, including sales of goods and services. This high-level indicator helps analysts and policymakers understand consumer behavior and broader economic trends.
Methodology
The data is collected through surveys of retail establishments and aggregated by the Russian Federal State Statistics Service.
Historical Context
Retail sales are a key input for forecasting economic growth and can inform monetary and fiscal policy decisions.
Key Facts
- Retail sales account for a significant portion of Russia's GDP.
- Consumer spending is a major driver of economic activity.
- Quarterly data allows for timely analysis of consumer trends.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Retail Sales: Total for Russia measures the total value of retail transactions, including sales of goods and services, over a three-month period.
Q: Why is this trend relevant for users or analysts?
A: Retail sales data provides valuable insights into consumer spending behavior and can help analysts and policymakers understand broader economic trends and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and aggregated by the Russian Federal State Statistics Service.
Q: How is this trend used in economic policy?
A: Retail sales data is a key input for forecasting economic growth and can inform monetary and fiscal policy decisions by central banks and governments.
Q: Are there update delays or limitations?
A: The Quarterly Retail Sales: Total for Russia data is published with a lag, typically several weeks after the end of the reference quarter.
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Citation
U.S. Federal Reserve, Quarterly Retail Sales: Total for Russia (RUSPITGCD02GPQ), retrieved from FRED.