Sales: Retail Trade: Total Retail Trade: Volume for Canada
SLRTTO01CAA189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
56,560,416,666.67
Year-over-Year Change
37.10%
Date Range
1/1/1991 - 1/1/2022
Summary
The 'Sales: Retail Trade: Total Retail Trade: Volume for Canada' series measures the total volume of retail sales in Canada, a key indicator of 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 data series tracks the overall volume of retail trade in Canada, including sales of durable and non-durable goods across various retail sectors. It is a widely watched metric used by economists and policymakers to gauge the strength of consumer demand and the broader Canadian economy.
Methodology
The data is collected through monthly surveys of Canadian retail businesses.
Historical Context
Retail trade volume is a critical input for analyzing consumer confidence, inflation, and broader macroeconomic trends.
Key Facts
- Canada's retail trade volume accounts for over 50% of its GDP.
- Retail sales have grown by an average of 3.5% annually over the past decade.
- The COVID-19 pandemic led to a 13% decline in Canadian retail trade in 2020.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total volume of retail sales in Canada, including transactions across various retail sectors and for both durable and non-durable goods.
Q: Why is this trend relevant for users or analysts?
A: Retail trade volume is a key indicator of consumer spending and a critical input for analyzing broader economic trends and consumer confidence in Canada.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of Canadian retail businesses.
Q: How is this trend used in economic policy?
A: Retail trade volume is closely monitored by Canadian policymakers and economists to assess the strength of consumer demand and inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is published with a 1-2 month lag and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Total Retail Trade: Volume for Canada (SLRTTO01CAA189S), retrieved from FRED.