Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Czechia
SLRTTO01CZQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.42
Year-over-Year Change
17.15%
Date Range
1/1/1996 - 1/1/2019
Summary
This economic trend measures the volume of retail trade activity in Czechia, excluding motor vehicles and motorcycles. It provides insights into consumer demand and overall 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 sales of retail goods and services in Czechia, excluding the automotive sector. It is a key indicator of consumer spending and economic health, helping policymakers and analysts assess the strength of domestic consumption.
Methodology
The data is collected through surveys of retail businesses and compiled by the Czech Statistical Office.
Historical Context
Retail trade trends are closely monitored by economists and policymakers to gauge the state of the Czech economy.
Key Facts
- Czechia is a major economy in Central Europe.
- Retail trade accounts for a significant portion of the Czech GDP.
- This index tracks sales of goods and services, excluding automotive.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of retail trade activity in Czechia, excluding the motor vehicle and motorcycle sectors.
Q: Why is this trend relevant for users or analysts?
A: Retail trade volume is a key indicator of consumer spending and overall economic health, providing insights into the strength of domestic consumption in Czechia.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses and compiled by the Czech Statistical Office.
Q: How is this trend used in economic policy?
A: Retail trade trends are closely monitored by economists and policymakers to gauge the state of the Czech economy and inform economic policies.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and methodologies of the Czech Statistical Office.
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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 (SLRTTO01CZQ661N), retrieved from FRED.