Sales: Retail Trade: Total Retail Trade: Volume for Russia
SLRTTO01RUQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.51
Year-over-Year Change
-155.95%
Date Range
4/1/1995 - 10/1/2018
Summary
The 'Sales: Retail Trade: Total Retail Trade: Volume for Russia' trend measures the total volume of retail sales in Russia, providing insight 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 economic indicator tracks the overall level of retail trade in Russia, which is an important gauge of domestic demand and consumer confidence. Retail sales data is closely monitored by policymakers and analysts to assess the health of the Russian economy.
Methodology
The data is collected through surveys of Russian retail businesses and compiled by the national statistical agency.
Historical Context
Retail sales figures are used to inform monetary and fiscal policy decisions in Russia.
Key Facts
- Russia is the largest retail market in Europe.
- Retail sales account for over 50% of Russia's GDP.
- E-commerce has been a major growth driver in the Russian retail sector.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total volume of retail sales in Russia, providing an indicator of consumer spending and domestic demand.
Q: Why is this trend relevant for users or analysts?
A: Retail sales data is a key barometer of economic health and consumer confidence, making this trend important for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Russian retail businesses and compiled by the national statistical agency.
Q: How is this trend used in economic policy?
A: Retail sales figures are closely monitored by the Russian government and central bank to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Total Retail Trade: Volume for Russia (SLRTTO01RUQ657S), retrieved from FRED.