Sales: Retail Trade: Total Retail Trade: Volume for Ireland
SLRTTO01IEA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.27
Year-over-Year Change
-584.51%
Date Range
1/1/1969 - 1/1/2023
Summary
The 'Sales: Retail Trade: Total Retail Trade: Volume for Ireland' metric measures the overall volume of retail sales in Ireland. It is a key indicator of 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 metric tracks the total volume of retail sales in Ireland, providing insights into consumer demand and the health of the Irish economy. It is widely used by economists, policymakers, and analysts to assess economic trends and make informed decisions.
Methodology
The data is collected through surveys of retail businesses in Ireland and calculated as an index relative to a base year.
Historical Context
This retail sales volume metric is closely monitored by the Irish government and the European Central Bank to inform economic policy and market analysis.
Key Facts
- Ireland's retail sales volume index is published monthly.
- Retail sales account for a significant portion of Ireland's GDP.
- The metric is seasonally adjusted to account for fluctuations.
FAQs
Q: What does this economic trend measure?
A: The 'Sales: Retail Trade: Total Retail Trade: Volume for Ireland' metric measures the overall volume of retail sales in Ireland, providing insights into consumer demand and economic activity.
Q: Why is this trend relevant for users or analysts?
A: This retail sales volume metric is a key indicator of the health of the Irish economy, and is closely monitored by policymakers and analysts to inform economic decisions and market analysis.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses in Ireland and calculated as an index relative to a base year.
Q: How is this trend used in economic policy?
A: The Irish government and the European Central Bank use this retail sales volume metric to inform economic policy and market analysis, as it provides insights into consumer spending and overall economic activity.
Q: Are there update delays or limitations?
A: The retail sales volume index for Ireland is published monthly, with minimal update delays.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Total Retail Trade: Volume for Ireland (SLRTTO01IEA659S), retrieved from FRED.