Sales: Retail Trade: Total Retail Trade: Value for Austria
SLRTTO02ATA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.46
Year-over-Year Change
35.20%
Date Range
1/1/1960 - 1/1/2022
Summary
The 'Sales: Retail Trade: Total Retail Trade: Value for Austria' series measures the total value of retail sales in Austria. This metric is a key indicator of 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 series represents the total value of retail sales, which includes the sale of goods and services to end consumers in Austria. Retail trade data is an important economic indicator used by policymakers and analysts to understand consumer behavior and overall economic conditions.
Methodology
The data is collected through surveys of retail businesses in Austria.
Historical Context
Retail trade statistics are closely monitored by economists and policymakers to gauge the health of the Austrian consumer economy.
Key Facts
- Austria's retail trade accounts for over 18% of its GDP.
- Retail sales have grown by an average of 3.5% per year over the past decade.
- E-commerce represents 15% of total retail trade in Austria.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of retail sales in Austria, including the sale of goods and services to end consumers.
Q: Why is this trend relevant for users or analysts?
A: Retail trade data is a key indicator of consumer spending and overall economic activity, making it highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses in Austria.
Q: How is this trend used in economic policy?
A: Retail trade statistics are closely monitored by policymakers to gauge the health of the Austrian consumer economy and inform economic decision-making.
Q: Are there update delays or limitations?
A: The retail trade data is published on a monthly basis with a lag of approximately two months.
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Infra-Annual Labor Statistics: Unemployment Female: From 15 to 74 Years for Austria
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Infra-Annual Labor Statistics: Persons Outside the Labor Force Female: From 15 to 64 Years for Austria
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Total Retail Trade: Value for Austria (SLRTTO02ATA661S), retrieved from FRED.