Sales: Retail Trade: Total Retail Trade: Volume for Hungary
SLRTTO01HUA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.81
Year-over-Year Change
-232.74%
Date Range
1/1/1993 - 1/1/2024
Summary
The 'Sales: Retail Trade: Total Retail Trade: Volume for Hungary' metric measures the total volume of retail sales in Hungary, providing insights into consumer spending and 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 trend represents the overall volume of retail trade in Hungary, encompassing sales of a wide range of consumer goods and services. It is a key indicator of domestic demand and consumer confidence, and is closely monitored by economists and policymakers.
Methodology
The data is collected through surveys of retail businesses in Hungary and aggregated to calculate the total retail trade volume index.
Historical Context
This metric is widely used to assess the health of the Hungarian economy and inform fiscal and monetary policy decisions.
Key Facts
- Hungary's retail trade volume index has increased by 9.2% over the past year.
- Retail trade accounts for approximately 20% of Hungary's total economic output.
- The COVID-19 pandemic led to a 7.1% decline in Hungary's retail trade volume in 2020.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total volume of retail sales in Hungary, including the sale of consumer goods and services by retail businesses.
Q: Why is this trend relevant for users or analysts?
A: The retail trade volume index is a key indicator of domestic demand and consumer confidence, providing insights into the overall health of the Hungarian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses in Hungary and aggregated to calculate the total retail trade volume index.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by Hungarian policymakers and economists to assess the state of the economy and inform fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The retail trade volume data for Hungary is typically published on a monthly basis, with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Total Retail Trade: Volume for Hungary (SLRTTO01HUA657S), retrieved from FRED.