Sales: Retail Trade: Total Retail Trade: Volume for Austria
AUTSLRTTO01IXEBSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.30
Year-over-Year Change
-5.66%
Date Range
1/1/2000 - 7/1/2023
Summary
This economic trend measures the total volume of retail trade in Austria, providing insight into consumer spending and broader economic conditions.
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: Total Retail Trade: Volume for Austria index tracks the overall sales activity in the country's retail sector. This metric is a key indicator of domestic demand and a barometer for the health of the Austrian economy.
Methodology
The data is collected through surveys of retail businesses and calculated as an indexed volume measure.
Historical Context
Policymakers and analysts closely monitor this retail sales trend to assess the strength of consumer spending and make informed decisions.
Key Facts
- Austria's retail trade volume index has a base year of 2015.
- Retail sales account for over 50% of Austria's total consumer spending.
- The retail trade trend is a leading indicator of the broader economic climate.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of retail trade in Austria, providing insights into consumer spending and domestic demand.
Q: Why is this trend relevant for users or analysts?
A: The retail trade volume index is a key barometer for the health of the Austrian economy, as consumer spending is a major driver of economic growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses and calculated as an indexed volume measure.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this retail sales trend to assess the strength of consumer spending and make informed decisions about economic policies.
Q: Are there update delays or limitations?
A: The retail trade volume data is published on a monthly basis, with a typical release lag of 2-3 months.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Total Retail Trade: Volume for Austria (AUTSLRTTO01IXEBSAQ), retrieved from FRED.