Sales: Retail Trade: Total Retail Trade: Value for Czech Republic
Annual, Not Seasonally Adjusted
SLRTTO02CZA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
150.40
Year-over-Year Change
64.72%
Date Range
1/1/1996 - 1/1/2022
Summary
This economic trend measures the annual, not seasonally adjusted retail trade turnover in South Africa. It provides insights into the overall performance and health of the retail sector, which 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
The annual, not seasonally adjusted retail trade turnover in South Africa tracks the total value of sales for the retail industry. It is a broad measure of consumer demand and an important barometer for assessing the country's economic conditions and consumer confidence.
Methodology
The data is collected through surveys of retail businesses in South Africa and calculated as the total value of sales.
Historical Context
Policymakers and market analysts use this trend to inform economic forecasts, monetary policy decisions, and investment strategies.
Key Facts
- South Africa's retail sector accounts for over 15% of GDP.
- Retail trade trends are closely watched for signs of economic expansion or contraction.
- Consistent growth in annual retail turnover indicates rising consumer confidence.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted retail trade turnover in South Africa, which tracks the total value of sales in the retail industry.
Q: Why is this trend relevant for users or analysts?
A: Retail trade turnover is a key indicator of consumer spending and economic activity, providing important insights into the health of the South African economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses in South Africa and calculated as the total value of sales.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to inform economic forecasts, monetary policy decisions, and investment strategies.
Q: Are there update delays or limitations?
A: The data is released with a short delay and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SLRTTO02CZA661N), retrieved from FRED.