Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Canada
CANSARTMISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.43
Year-over-Year Change
0.98%
Date Range
1/1/1991 - 2/1/2024
Summary
This economic trend measures the retail trade volume, excluding motor vehicles and motorcycles, in Canada. It provides important insights into the overall state of the Canadian economy and consumer spending patterns.
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 the volume of sales for the retail trade sector in Canada, excluding the motor vehicle and motorcycle segments. It serves as a key indicator of consumer demand and economic activity, informing policy decisions and market analysis.
Methodology
The data is collected through surveys of Canadian retail businesses and calculated as an index based on sales volume.
Historical Context
Retail trade data is closely monitored by policymakers and economists to assess the health of the Canadian economy and make informed decisions.
Key Facts
- The Retail Trade Volume index is a key indicator of consumer demand in Canada.
- Retail trade data is closely monitored by policymakers and economists.
- The index excludes motor vehicles and motorcycles, focusing on broader retail activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the retail trade volume in Canada, excluding the motor vehicle and motorcycle segments. It provides insights into consumer spending and economic activity.
Q: Why is this trend relevant for users or analysts?
A: Retail trade data is a crucial indicator of the overall health of the Canadian economy, informing policy decisions and market analysis.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Canadian retail businesses and calculated as an index based on sales volume.
Q: How is this trend used in economic policy?
A: Retail trade data is closely monitored by policymakers and economists to assess consumer demand and make informed decisions about economic policy.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates, and users should be aware of any potential delays or limitations in its reporting.
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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 Canada (CANSARTMISMEI), retrieved from FRED.