Sales: Retail Trade: Total Retail Trade: Volume for Czech Republic
CZESLRTTO01GPSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.31
Year-over-Year Change
-1352.68%
Date Range
1/1/1996 - 4/1/2025
Summary
The 'Sales: Retail Trade: Total Retail Trade: Volume for Czech Republic' series measures the total volume of retail trade in the Czech Republic, providing 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 indicator tracks the overall level of retail sales, which is a key measure of consumer demand and an important input for economic policymakers and analysts. It covers a broad range of retail goods and services sold to the general public.
Methodology
The data is collected through monthly surveys of retail establishments in the Czech Republic.
Historical Context
Retail trade volumes are closely watched by central banks and governments to assess the strength of consumer spending and broader economic conditions.
Key Facts
- Retail trade accounts for approximately 25% of Czech GDP.
- Retail sales volumes in the Czech Republic grew by 3.2% in 2022.
- The COVID-19 pandemic led to a 5.6% decline in Czech retail trade in 2020.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total volume of retail trade in the Czech Republic, covering a broad range of consumer goods and services sold to the public.
Q: Why is this trend relevant for users or analysts?
A: Retail trade volumes are a key measure of consumer demand and an important input for economic policymakers and analysts assessing the strength of the Czech economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail establishments in the Czech Republic.
Q: How is this trend used in economic policy?
A: Retail trade volumes are closely watched by the Czech National Bank and government to assess the strength of consumer spending and broader economic conditions.
Q: Are there update delays or limitations?
A: The retail trade data is released monthly with a typical lag of 4-6 weeks.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Total Retail Trade: Volume for Czech Republic (CZESLRTTO01GPSAM), retrieved from FRED.