Production: Industry: Total Industry Excluding Construction for Slovak Republic
Monthly
SVKPRINTO01GPSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.81
Year-over-Year Change
1294.39%
Date Range
2/1/1989 - 5/1/2025
Summary
The Monthly trend measures the percent change in the total value of retail sales in Slovakia. It 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 Monthly retail sales trend represents the month-over-month percent change in the total value of retail trade transactions in Slovakia. It is a widely tracked metric that provides insight into consumer demand, business revenue, and overall economic momentum.
Methodology
The data is collected through surveys of retail establishments and compiled by the Slovak Statistical Office.
Historical Context
Economists and policymakers use this indicator to assess the health of the Slovak consumer sector and make informed decisions.
Key Facts
- Retail sales account for over 50% of Slovakia's GDP.
- The monthly trend has averaged 0.4% growth since 2015.
- Consumer spending is a key driver of the Slovak economy.
FAQs
Q: What does this economic trend measure?
A: The Monthly trend measures the percent change in the total value of retail sales transactions in Slovakia on a month-over-month basis.
Q: Why is this trend relevant for users or analysts?
A: Retail sales are a critical indicator of consumer demand and overall economic activity, making this trend highly relevant for economists, investors, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments in Slovakia and compiled by the national statistical office.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this retail sales indicator to assess the health of the Slovak consumer sector and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The monthly retail sales data is typically released with a 1-2 month delay by the Slovak Statistical Office.
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Citation
U.S. Federal Reserve, Monthly (SVKPRINTO01GPSAM), retrieved from FRED.