Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Russia
RUSSARTMISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.44
Year-over-Year Change
2.99%
Date Range
12/1/1994 - 12/1/2018
Summary
This economic trend measures the volume of retail trade activity in Russia, excluding motor vehicles and motorcycles. It serves as an important indicator of consumer demand and overall economic health.
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 changes in the total value of retail sales, providing insights into consumer spending and market trends. It is a key metric used by economists and policymakers to assess the performance of the Russian retail sector and broader economic conditions.
Methodology
The data is collected through surveys of retail businesses and calculated as an index based on sales volume.
Historical Context
This trend is closely monitored by the Russian government and central bank to inform economic policy decisions.
Key Facts
- Retail trade accounts for over 15% of Russia's GDP.
- The index is published monthly by the Federal State Statistics Service of Russia.
- Retail sales rebounded strongly in 2021 after a pandemic-related decline in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of retail sales in Russia, excluding motor vehicles and motorcycles. It provides an indicator of consumer demand and overall economic activity in the retail sector.
Q: Why is this trend relevant for users or analysts?
A: The Retail Trade Volume index is a key metric used by economists, policymakers, and market analysts to assess the health of the Russian economy and consumer spending patterns.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses and calculated as an index based on sales volume.
Q: How is this trend used in economic policy?
A: The Russian government and central bank closely monitor this trend to inform economic policy decisions, as changes in retail trade activity can signal shifts in consumer demand and broader economic conditions.
Q: Are there update delays or limitations?
A: The Retail Trade Volume index is published monthly by the Federal State Statistics Service of Russia, with some potential for minor delays in data reporting.
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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 Russia (RUSSARTMISMEI), retrieved from FRED.