Sales: Retail Trade: Total Retail Trade: Volume for Ireland
SLRTTO01IEQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.54
Year-over-Year Change
-82.83%
Date Range
4/1/1968 - 10/1/2023
Summary
The Retail Trade: Total Retail Trade: Volume for Ireland measures the total volume of retail sales in Ireland. This indicator 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
This series tracks the total volume of retail sales in Ireland, representing the value of goods sold by retail businesses. It is a key indicator of consumer demand and an important gauge of the health of the Irish economy.
Methodology
The data is collected through surveys of retail businesses and calculated as an index with a base year of 2015.
Historical Context
Retail trade volumes are closely monitored by policymakers and analysts to assess consumption trends and inform economic policy decisions.
Key Facts
- Ireland's retail trade volume index uses 2015 as the base year.
- Retail sales account for a significant portion of Ireland's GDP.
- Monitoring retail trade volumes helps assess consumer confidence.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of retail sales in Ireland, providing insights into consumer spending and overall economic activity.
Q: Why is this trend relevant for users or analysts?
A: Retail trade volumes are a key indicator of consumer demand and an important gauge of the health of the Irish economy, making this trend relevant for policymakers, economists, 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 a base year of 2015.
Q: How is this trend used in economic policy?
A: Retail trade volumes are closely monitored by policymakers and analysts to assess consumption trends and inform economic policy decisions in Ireland.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential limitations associated with survey-based economic indicators.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Total Retail Trade: Volume for Ireland (SLRTTO01IEQ657S), retrieved from FRED.