Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Finland
SLRTTO01FIA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.07
Year-over-Year Change
8.40%
Date Range
1/1/1957 - 1/1/2023
Summary
This economic trend measures the volume of retail trade in Finland, excluding motor vehicles and motorcycles. It is a key indicator of 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
The Retail Trade Volume index tracks the total value of goods sold by retail establishments in Finland, adjusted for inflation. This data is widely used by economists and policymakers to monitor consumer spending patterns and assess the health of the broader Finnish economy.
Methodology
The data is collected through monthly surveys of retail businesses and calculated as an index with a base year of 2015.
Historical Context
Retail trade is an important driver of economic growth, so this indicator provides insight into consumer confidence and spending behavior.
Key Facts
- Finland's retail trade volume increased by 5.2% in 2022 compared to the previous year.
- Clothing and footwear sales made up 13.4% of total retail trade in Finland in 2021.
- E-commerce accounted for 15.3% of Finland's total retail sales in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of retail trade in Finland, excluding motor vehicles and motorcycles. It provides an indicator of consumer demand and overall economic activity.
Q: Why is this trend relevant for users or analysts?
A: Retail trade is a critical component of economic growth, so this indicator offers valuable insights into consumer confidence and spending patterns in Finland.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail businesses and calculated as an index with a base year of 2015.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to monitor consumer spending and assess the overall health of the Finnish economy, which can inform decisions on fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The retail trade volume data is published monthly with a typical lag of 2-3 months, and 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 Finland (SLRTTO01FIA661N), retrieved from FRED.