Sales: Retail Trade: Total Retail Trade: Value for Czech Republic
SLRTTO02CZQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
147.70
Year-over-Year Change
17.13%
Date Range
1/1/1996 - 7/1/2023
Summary
This economic trend measures the total value of retail trade sales in the Czech Republic, providing insight into the strength of consumer spending and overall 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 Retail Trade: Total Retail Trade: Value for the Czech Republic indicator tracks the monthly sales volume across all retail trade sectors in the country. It is a key measure of consumer demand and a leading indicator of broader economic performance.
Methodology
The data is collected through surveys of retail businesses and compiled by the Czech Statistical Office.
Historical Context
Retail trade data is closely monitored by policymakers and market analysts to assess the health of the Czech economy.
Key Facts
- Retail trade accounts for over 15% of Czech GDP.
- Total retail sales in the Czech Republic exceeded $130 billion in 2021.
- The Czech Republic has seen steady growth in retail trade since the early 2000s.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total sales volume across all retail trade sectors in the Czech Republic, providing insight into consumer spending and overall economic activity.
Q: Why is this trend relevant for users or analysts?
A: Retail trade data is a key indicator of consumer demand and a leading signal of broader economic performance, making it essential for policymakers, investors, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses and compiled by the Czech Statistical Office.
Q: How is this trend used in economic policy?
A: Retail trade figures are closely monitored by Czech policymakers and international institutions to assess the health of the domestic economy and inform fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The retail trade data is published monthly with a lag of approximately 6-8 weeks.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Total Retail Trade: Value for Czech Republic (SLRTTO02CZQ661N), retrieved from FRED.