Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Luxembourg
SLRTTO01LUQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54.15
Year-over-Year Change
19.86%
Date Range
1/1/1995 - 1/1/2024
Summary
This economic indicator measures the retail trade volume in Luxembourg, excluding the sale of motor vehicles and motorcycles. It provides insights into consumer spending and the overall health of the retail sector.
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 volume of retail sales transactions in Luxembourg, adjusting for inflation. It serves as a barometer for consumer demand and economic activity, helping policymakers and analysts assess the state of the country's domestic market.
Methodology
The data is collected through surveys of retail businesses and calculated as a seasonally adjusted index.
Historical Context
Retail trade volume is a key indicator used by the European Central Bank and Luxembourg's Ministry of the Economy to inform monetary and fiscal policies.
Key Facts
- Retail trade accounts for over 10% of Luxembourg's GDP.
- The index uses 2015 as the base year with a value of 100.
- Data is published monthly with a 2-month lag.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total volume of retail sales transactions in Luxembourg, excluding motor vehicle and motorcycle sales. It provides insights into consumer spending patterns and the overall health of the domestic retail sector.
Q: Why is this trend relevant for users or analysts?
A: Retail trade volume is a key indicator of consumer demand and economic activity. It helps policymakers and analysts assess the state of Luxembourg's domestic market and make informed decisions about monetary and fiscal policies.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses in Luxembourg and calculated as a seasonally adjusted index.
Q: How is this trend used in economic policy?
A: Retail trade volume data is used by the European Central Bank and Luxembourg's Ministry of the Economy to monitor consumer spending and inform their policy decisions.
Q: Are there update delays or limitations?
A: The retail trade volume data is published monthly with a 2-month lag, meaning the most recent data is always two months behind the current date.
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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 Luxembourg (SLRTTO01LUQ661N), retrieved from FRED.