Sales: Retail Trade: Total Retail Trade: Volume for Spain
SLRTTO01ESA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.75
Year-over-Year Change
-122.68%
Date Range
1/1/1996 - 1/1/2024
Summary
The Retail Trade: Total Retail Trade: Volume for Spain measures changes in the total volume of retail sales in Spain. This data provides insights into consumer demand 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
This monthly index tracks the volume (as opposed to value) of retail sales across all sectors in Spain. It is a key indicator of domestic consumption and an important measure for assessing the health of the Spanish economy.
Methodology
The data is collected through surveys of retail businesses and calculated as an index with 2015 as the base year.
Historical Context
Policymakers and market analysts closely monitor this retail trade index to gauge consumer spending patterns and forecast broader economic trends.
Key Facts
- The index is published monthly by the Spanish National Institute of Statistics.
- Retail trade accounts for over 20% of Spain's gross domestic product.
- Retail sales volumes have fluctuated in recent years due to economic and pandemic-related factors.
FAQs
Q: What does this economic trend measure?
A: The Retail Trade: Total Retail Trade: Volume for Spain measures changes in the total volume of retail sales across all sectors in the country.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into consumer demand and overall economic activity, making it a key indicator for policymakers, businesses, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses and calculated as an index with 2015 as the base year.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this retail trade index to gauge consumer spending patterns and forecast broader economic trends in Spain.
Q: Are there update delays or limitations?
A: The index is published monthly, with a typical 1-2 month delay in the data release.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Total Retail Trade: Volume for Spain (SLRTTO01ESA657S), retrieved from FRED.