Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Sweden
SLRTTO01SEA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.46
Year-over-Year Change
32.75%
Date Range
1/1/1984 - 1/1/2022
Summary
This economic trend measures the retail trade volume in Sweden, excluding motor vehicles and motorcycles. It provides valuable insights into the overall health and activity of the Swedish retail sector.
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
The Retail Trade Volume trend is an important economic indicator that tracks the sales and consumption patterns of Swedish consumers. It serves as a barometer for the strength of domestic demand and consumer confidence in the economy.
Methodology
The data is collected through surveys of retail businesses and is seasonally adjusted.
Historical Context
Retail trade volume is closely monitored by policymakers and market analysts to gauge the state of the Swedish economy and make informed decisions.
Key Facts
- Retail trade accounts for about 25% of Sweden's GDP.
- The retail sector employs over 500,000 people in Sweden.
- Consumer confidence is a key driver of retail trade volume.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of retail trade in Sweden, excluding motor vehicles and motorcycles. It provides a comprehensive view of consumer spending and activity in the Swedish retail sector.
Q: Why is this trend relevant for users or analysts?
A: Retail trade volume is a vital indicator of domestic demand and consumer confidence, which are crucial factors for understanding the overall health of the Swedish economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses in Sweden and is seasonally adjusted to account for fluctuations throughout the year.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor retail trade volume to gauge consumer spending patterns and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis, with a slight delay to allow for comprehensive data collection and analysis.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Sweden (SLRTTO01SEA661N), retrieved from FRED.