Sales: Retail Trade: Total Retail Trade: Value for Switzerland
CHESLRTTO02IXOBSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.19
Year-over-Year Change
1.47%
Date Range
1/1/1960 - 11/1/2023
Summary
The 'Sales: Retail Trade: Total Retail Trade: Value for Switzerland' indicator measures the total value of retail sales in Switzerland. It provides insights into 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 series represents the total value of retail sales in Switzerland, a key metric for tracking consumer demand and economic performance. It is widely used by economists, policymakers, and analysts to assess the health of the Swiss economy.
Methodology
The data is collected through surveys of Swiss retail establishments and compiled by the Swiss Federal Statistical Office.
Historical Context
This indicator is closely watched by the Swiss National Bank and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Switzerland's retail trade value reached a record high of 7.9 billion CHF in December 2022.
- Retail sales account for approximately 30% of Switzerland's GDP.
- The COVID-19 pandemic led to a 6.5% decline in Swiss retail trade in 2020.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total value of retail sales in Switzerland, providing insights into consumer spending and economic activity.
Q: Why is this trend relevant for users or analysts?
A: Retail sales are a crucial indicator of consumer demand and economic performance, making this trend highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Swiss retail establishments and compiled by the Swiss Federal Statistical Office.
Q: How is this trend used in economic policy?
A: The Swiss National Bank and other institutions closely monitor this indicator to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis, with a short delay compared to the reference period.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Total Retail Trade: Value for Switzerland (CHESLRTTO02IXOBSAM), retrieved from FRED.