Sales: Retail Trade: Total Retail Trade: Volume for Sweden
SLRTTO01SEA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.41
Year-over-Year Change
-168.41%
Date Range
1/1/1985 - 1/1/2022
Summary
The 'Sales: Retail Trade: Total Retail Trade: Volume for Sweden' trend measures the overall volume of retail sales in Sweden, 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 total volume of retail trade in Sweden, including sales of goods and services to the general public for personal or household consumption. It is a key barometer of domestic demand and a widely used metric for assessing the health of the Swedish economy.
Methodology
The data is collected through surveys of retail establishments and calculated as an index by Sweden's statistical agency.
Historical Context
Policymakers and analysts monitor this retail trade volume metric to gauge consumer confidence and make informed decisions about economic policies.
Key Facts
- Sweden's retail trade volume index has a base year of 2015.
- Retail trade accounts for around 30% of Sweden's gross domestic product.
- The data is released monthly by Statistics Sweden.
FAQs
Q: What does this economic trend measure?
A: The 'Sales: Retail Trade: Total Retail Trade: Volume for Sweden' trend measures the overall volume of retail sales in Sweden, providing insight into consumer spending and economic activity.
Q: Why is this trend relevant for users or analysts?
A: This retail trade volume metric is a key indicator of domestic demand and consumer confidence, making it widely used by policymakers and analysts to assess the health of the Swedish economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments in Sweden and calculated as an index by the country's statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this retail trade volume metric to gauge consumer confidence and make informed decisions about economic policies in Sweden.
Q: Are there update delays or limitations?
A: The data is released monthly by Statistics Sweden with no significant update delays.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Total Retail Trade: Volume for Sweden (SLRTTO01SEA657S), retrieved from FRED.