Sales: Retail Trade: Total Retail Trade: Volume for Sweden
SLRTTO01SEA659S • 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 total retail sales volume in Sweden, providing insights 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 monthly volume of retail trade in Sweden, encompassing sales of both durable and non-durable goods. It is a key metric used by economists and policymakers to monitor consumer confidence and gauge the overall health of the Swedish economy.
Methodology
The data is collected through surveys of retail businesses in Sweden and calculated as an index based on the total sales volume.
Historical Context
Retail trade data is closely watched by Sweden's central bank and government to inform monetary and fiscal policy decisions.
Key Facts
- Sweden's retail trade volume has grown by an average of 2.5% annually over the past decade.
- Retail sales account for approximately 30% of Sweden's total GDP.
- The COVID-19 pandemic caused a sharp decline in Swedish retail trade in 2020, but the sector has since recovered.
FAQs
Q: What does this economic trend measure?
A: The 'Sales: Retail Trade: Total Retail Trade: Volume for Sweden' trend measures the total volume of retail sales in Sweden, including both durable and non-durable goods.
Q: Why is this trend relevant for users or analysts?
A: Retail trade data is a key indicator of consumer spending and economic activity in Sweden, providing valuable insights for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses in Sweden and calculated as an index based on the total sales volume.
Q: How is this trend used in economic policy?
A: Sweden's central bank and government closely monitor retail trade data to inform monetary and fiscal policy decisions, as it is a reliable indicator of consumer confidence and the overall health of the Swedish economy.
Q: Are there update delays or limitations?
A: The retail trade data for Sweden is published monthly, with a typical delay of around 4-6 weeks from the end of the reporting period.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Total Retail Trade: Volume for Sweden (SLRTTO01SEA659S), retrieved from FRED.