Sales: Retail Trade: Car Registration: Passenger Cars for Slovak Republic
Growth rate same period previous year, Monthly, Seasonally Adjusted
SVKSLRTCR03GYSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-24.47
Year-over-Year Change
-701.15%
Date Range
1/1/2004 - 12/1/2018
Summary
This economic indicator measures the year-over-year growth rate of monthly retail sales in Slovakia, adjusted for seasonal variations. It provides insights into the strength and direction of consumer spending, a key driver of 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 growth rate same period previous year, monthly, seasonally adjusted series tracks the percent change in Slovakia's retail sales compared to the same month in the previous year. This metric helps economists and policymakers assess the momentum of domestic consumer demand.
Methodology
The data is collected through surveys of retail businesses and calculated by the Statistical Office of the Slovak Republic.
Historical Context
This indicator is closely monitored by the National Bank of Slovakia and the European Central Bank for gauging Slovakia's economic performance and guiding monetary policy decisions.
Key Facts
- Retail sales account for over 50% of Slovakia's GDP.
- The indicator is published monthly, with a 1-2 month delay.
- Slovakia's retail sales grew by 8.2% year-over-year in the latest report.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the year-over-year percent change in Slovakia's monthly retail sales, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: Retail sales are a key driver of economic activity, so this metric provides important insights into the strength of domestic consumer demand in Slovakia.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses and calculated by the Statistical Office of the Slovak Republic.
Q: How is this trend used in economic policy?
A: The National Bank of Slovakia and the European Central Bank closely monitor this indicator to assess Slovakia's economic performance and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: This indicator is published monthly, with a 1-2 month delay in the data release.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly, Seasonally Adjusted (SVKSLRTCR03GYSAM), retrieved from FRED.