Sales: Retail Trade: Total Retail Trade: Volume for Russia
SLRTTO01RUQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.87
Year-over-Year Change
-122.98%
Date Range
1/1/1996 - 10/1/2018
Summary
The 'Sales: Retail Trade: Total Retail Trade: Volume for Russia' series measures the total volume of retail trade activity in Russia. This indicator provides important insights into the health and momentum of the Russian consumer economy.
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 retail trade volume, which includes sales of both durable and non-durable goods. It serves as a key barometer of Russian consumer spending and economic activity, helping analysts and policymakers understand broader trends in the domestic market.
Methodology
The data is collected through surveys of Russian retail establishments and compiled by the Federal State Statistics Service.
Historical Context
Retail trade volume is closely monitored by the Central Bank of Russia and other government agencies to inform economic policy decisions.
Key Facts
- Retail trade accounts for over 50% of Russia's GDP.
- Russia's retail trade volume rebounded in 2021 after pandemic declines.
- Robust retail sales signal strength in the Russian consumer market.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total volume of retail trade activity in Russia, including sales of durable and non-durable consumer goods.
Q: Why is this trend relevant for users or analysts?
A: Retail trade volume is a key indicator of consumer spending and overall economic health in Russia, helping inform policy decisions and market analysis.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Russian retail establishments and compiled by the Federal State Statistics Service.
Q: How is this trend used in economic policy?
A: Retail trade volume is closely monitored by the Central Bank of Russia and other government agencies to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks, and may be subject to revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Total Retail Trade: Volume for Russia (SLRTTO01RUQ659S), retrieved from FRED.