Sales: Retail Trade: Total Retail Trade: Volume for Portugal
SLRTTO01PTA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.26
Year-over-Year Change
6732.28%
Date Range
1/1/1990 - 1/1/2022
Summary
The 'Sales: Retail Trade: Total Retail Trade: Volume for Portugal' series measures the volume of retail sales in Portugal, 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 retail sales volume index tracks the monthly changes in the total value of sales by Portuguese retailers, adjusted for inflation. It is a widely-watched metric for assessing the health of the Portuguese consumer sector and broader economy.
Methodology
The data is collected through surveys of retail establishments and calculated as an index with a base year of 2015.
Historical Context
Retail sales data is closely monitored by policymakers, economists, and investors for insights into consumer confidence and economic trends.
Key Facts
- Portugal's retail sales volume hit a record high in 2019.
- Retail sales declined sharply in 2020 due to the COVID-19 pandemic.
- The retail sector accounts for over 20% of Portugal's GDP.
FAQs
Q: What does this economic trend measure?
A: This series measures the total volume of retail sales in Portugal, providing an indicator of consumer demand and economic activity.
Q: Why is this trend relevant for users or analysts?
A: Retail sales data is a crucial metric for assessing the health of the Portuguese consumer sector and broader economy, making it relevant for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and calculated as an index with a base year of 2015.
Q: How is this trend used in economic policy?
A: Retail sales data is closely monitored by policymakers for insights into consumer confidence and economic trends, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical 2-month delay between the reference period and the release date.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Total Retail Trade: Volume for Portugal (SLRTTO01PTA657S), retrieved from FRED.