Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Austria
AUTSARTQISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.74
Year-over-Year Change
-2.34%
Date Range
1/1/1973 - 1/1/2024
Summary
This economic indicator measures the volume of retail trade activity in Austria, excluding the motor vehicle and motorcycle sectors. It provides insights into the overall health and trends of the Austrian retail industry.
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 index tracks changes in the total value of sales by Austrian retail establishments, adjusted for inflation. It is a key indicator of consumer demand and economic activity in the country.
Methodology
The data is collected through surveys of retail businesses and calculated as an index by the Austrian statistical agency.
Historical Context
This trend is closely monitored by policymakers, analysts, and businesses to understand consumer spending patterns and make informed decisions.
Key Facts
- The index is published on a quarterly basis.
- Retail trade accounts for around 5% of Austria's GDP.
- The index reached a record high in 2019 before declining during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total volume of retail sales in Austria, excluding motor vehicles and motorcycles. It provides a comprehensive view of consumer demand and activity in the retail sector.
Q: Why is this trend relevant for users or analysts?
A: The Retail Trade Volume index is a key barometer of the overall health of the Austrian economy. It helps policymakers, businesses, and investors understand consumer spending patterns and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses and calculated as an index by the Austrian statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor the Retail Trade Volume index to assess consumer confidence, guide monetary and fiscal policies, and make informed decisions about the overall state of the economy.
Q: Are there update delays or limitations?
A: The index is published on a quarterly basis, with a slight delay in release. There may also be revisions to the historical data as more information becomes available.
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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 Austria (AUTSARTQISMEI), retrieved from FRED.