Sales: Retail Trade: Total Retail Trade: Value for Slovak Republic
Index 2015=100, Monthly, Seasonally Adjusted
SVKSLRTTO02IXOBSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
156.69
Year-over-Year Change
4.40%
Date Range
1/1/1995 - 11/1/2023
Summary
The Index 2015=100, Monthly, Seasonally Adjusted series measures the level of retail trade in Slovakia, 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
This retail trade index tracks the monthly volume of sales for the retail sector in Slovakia, adjusted for seasonal variations. It is a widely-used metric for monitoring the health of the Slovak economy and consumer demand.
Methodology
The data is collected through surveys of retail businesses and calculated as an index relative to the base year of 2015.
Historical Context
Policymakers and analysts closely follow this retail trade index to gauge consumer confidence and make informed decisions.
Key Facts
- Slovakia's retail trade index uses 2015 as the base year.
- The index is adjusted for seasonal variations.
- Retail trade is a key indicator of economic activity.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Monthly, Seasonally Adjusted series measures the monthly volume of retail sales in Slovakia, adjusting for seasonal fluctuations.
Q: Why is this trend relevant for users or analysts?
A: This retail trade index is a crucial indicator of consumer spending and economic health in Slovakia, providing valuable insights for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses and calculated as an index relative to the base year of 2015.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely follow this retail trade index to gauge consumer confidence and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The retail trade index data is published monthly, with some potential for minor delays in reporting.
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Citation
U.S. Federal Reserve, Index 2015=100, Monthly, Seasonally Adjusted (SVKSLRTTO02IXOBSAM), retrieved from FRED.