Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Estonia
SLRTTO01EEQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.17
Year-over-Year Change
0.11%
Date Range
1/1/1998 - 10/1/2023
Summary
This economic trend measures the volume of retail trade in Estonia, excluding motor vehicles and motorcycles. It provides insights into consumer spending and overall 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
The Retail Trade Volume trend tracks the total volume of goods sold through retail channels in Estonia, excluding the automotive sector. It is a key indicator of consumer demand and overall economic performance.
Methodology
The data is collected through surveys of retail businesses and calculated based on sales values and volume indices.
Historical Context
Retail trade data is closely monitored by policymakers and analysts to assess the health of the Estonian economy.
Key Facts
- Estonia's retail trade volume increased by 6.2% in 2022.
- Clothing and footwear sales account for 20% of total retail trade in Estonia.
- Online sales make up 12% of Estonia's total retail trade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of retail trade in Estonia, excluding motor vehicles and motorcycles. It provides insights into consumer spending and overall economic activity.
Q: Why is this trend relevant for users or analysts?
A: Retail trade data is a key indicator of consumer demand and the health of the Estonian economy. It is closely monitored by policymakers and analysts to assess economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses and calculated based on sales values and volume indices.
Q: How is this trend used in economic policy?
A: Retail trade data is used by policymakers and economists to assess consumer spending, gauge economic activity, and inform policy decisions.
Q: Are there update delays or limitations?
A: The retail trade data is published monthly, with a typical 1-2 month delay. The data may be subject to revisions as more complete information becomes available.
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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 Estonia (SLRTTO01EEQ661S), retrieved from FRED.