Sales: Retail Trade: Total Retail Trade: Value for Canada
Index 2015=100, Quarterly, Seasonally Adjusted
SLRTTO02CAQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
144.77
Year-over-Year Change
16.62%
Date Range
1/1/1960 - 7/1/2023
Summary
This economic indicator measures the ratio of retail trade turnover to total retail turnover in Canada on a quarterly basis, seasonally adjusted and indexed to 2015. It provides insights into consumer spending patterns and the overall health of the Canadian 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 Turnover Ratio is a key metric used by economists and policymakers to assess the performance and dynamics of the Canadian retail industry. It offers a standardized, indexed view of retail trade activity compared to total turnover, enabling analysts to track trends and identify shifts in consumer behavior.
Methodology
The data is collected and calculated by Statistics Canada through surveys of Canadian retail businesses.
Historical Context
This indicator is closely monitored by the Bank of Canada and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The index is benchmarked to 2015 = 100.
- Quarterly, seasonally adjusted data is reported.
- The ratio tracks retail sales relative to total turnover.
FAQs
Q: What does this economic trend measure?
A: The Retail Trade Turnover Ratio measures the ratio of retail trade turnover to total retail turnover in Canada on a quarterly basis, providing insights into consumer spending and the health of the retail sector.
Q: Why is this trend relevant for users or analysts?
A: This indicator is closely watched by economists and policymakers as it offers a standardized view of retail activity and consumer behavior, which informs decision-making around monetary and fiscal policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Canada through surveys of Canadian retail businesses.
Q: How is this trend used in economic policy?
A: The Retail Trade Turnover Ratio is monitored by the Bank of Canada and other institutions to help inform monetary and fiscal policy decisions related to the Canadian economy.
Q: Are there update delays or limitations?
A: The data is reported quarterly with a short delay, providing a timely but lagging indicator of retail sector performance.
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Citation
U.S. Federal Reserve, Index 2015=100, Quarterly, Seasonally Adjusted (SLRTTO02CAQ661S), retrieved from FRED.