Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Slovak Republic
SVKSLRTTO01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117.22
Year-over-Year Change
0.49%
Date Range
1/1/1995 - 3/1/2024
Summary
This economic trend measures the retail trade volume, excluding motor vehicles and motorcycles, in the Slovak Republic. It provides insights into the overall health and activity of the retail sector, which is a key indicator of consumer spending and economic performance.
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 Volume trend tracks the total volume of retail sales, accounting for changes in prices and the composition of goods sold. It is an important barometer of consumer demand and can inform policy decisions related to economic stimulus, inflation, and market regulations.
Methodology
The data is collected through surveys of retail businesses in the Slovak Republic and calculated based on sales revenue and volume.
Historical Context
This metric is closely monitored by policymakers, analysts, and businesses to gauge the strength of domestic consumption and the broader economic climate.
Key Facts
- Retail trade accounts for over 20% of Slovakia's GDP.
- Retail sales make up a significant portion of household consumption.
- The retail sector employs over 300,000 people in Slovakia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of retail sales in the Slovak Republic, excluding motor vehicles and motorcycles. It provides insights into the overall health and activity of the retail sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of consumer spending and economic performance, and is closely monitored by policymakers, analysts, and businesses to gauge the strength of domestic consumption and the broader economic climate.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses in the Slovak Republic and calculated based on sales revenue and volume.
Q: How is this trend used in economic policy?
A: This metric informs policy decisions related to economic stimulus, inflation, and market regulations, as it provides insights into the overall health and activity of the retail sector, which is a key driver of economic performance.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical delay of 2-3 months.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Slovak Republic (SVKSLRTTO01IXOBM), retrieved from FRED.