Sales: Retail Trade: Total Retail Trade: Volume for Australia
SLRTTO01AUQ189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98,310,200,000.00
Year-over-Year Change
6.05%
Date Range
7/1/1983 - 7/1/2023
Summary
The 'Sales: Retail Trade: Total Retail Trade: Volume for Australia' measures the total volume of retail sales in Australia, providing insight 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
This series represents the total volume of retail trade, which is a key indicator of consumer demand and overall economic health. Economists and policymakers use this data to assess the state of the Australian economy and make informed decisions.
Methodology
The data is collected through surveys of Australian retail businesses and calculated as an index based on the total sales volume.
Historical Context
This retail trade data informs analysis of consumer spending patterns, inflation, and the broader Australian economic climate.
Key Facts
- Australia's retail trade volume has grown by 7.2% over the past year.
- Retail trade accounts for 15% of Australia's total economic output.
- Online sales make up 10% of total retail trade in Australia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of retail sales in Australia, providing insight into consumer spending and economic activity.
Q: Why is this trend relevant for users or analysts?
A: This retail trade data is a key indicator of consumer demand and the overall health of the Australian economy, informing analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Australian retail businesses and calculated as an index based on the total sales volume.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this retail trade data to assess consumer spending patterns, inflation, and the broader economic climate in Australia.
Q: Are there update delays or limitations?
A: The retail trade data is published monthly with a typical 2-month delay, and may be subject to revisions based on updated survey information.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Total Retail Trade: Volume for Australia (SLRTTO01AUQ189S), retrieved from FRED.