Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Czechia
SLRTTO01CZA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.41
Year-over-Year Change
37.84%
Date Range
1/1/1996 - 1/1/2018
Summary
This economic indicator measures the volume of retail trade activity in Czechia, excluding the motor vehicle and motorcycle sectors. It provides insights into consumer spending and economic conditions.
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 the total value of sales for retail establishments in Czechia, adjusted for inflation. It serves as a key indicator of consumer demand and overall economic performance.
Methodology
The data is collected through surveys of retail businesses and calculated as a volume index adjusted for price changes.
Historical Context
Retail trade data is closely monitored by policymakers and analysts to gauge the health of the Czech economy.
Key Facts
- Czechia is a major economy in Central Europe.
- Retail trade accounts for a significant portion of economic activity.
- The retail trade volume index is a leading indicator of consumer demand.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total volume of retail sales in Czechia, excluding the motor vehicle and motorcycle sectors. It provides insights into consumer spending patterns and overall economic conditions.
Q: Why is this trend relevant for users or analysts?
A: Retail trade data is a crucial indicator of consumer demand and economic performance. It is closely monitored by policymakers, economists, and market analysts to assess the health of the Czech economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses and calculated as a volume index adjusted for price changes.
Q: How is this trend used in economic policy?
A: Retail trade data is used by policymakers and central banks to inform monetary and fiscal policies aimed at promoting economic growth and stability.
Q: Are there update delays or limitations?
A: The retail trade volume data for Czechia is typically published with a short lag, allowing for timely analysis of current economic conditions.
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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 Czechia (SLRTTO01CZA661N), retrieved from FRED.