Sales: Retail Trade: Total Retail Trade: Volume for Czech Republic
CZESLRTTO01GYSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.25
Year-over-Year Change
1.13%
Date Range
1/1/1996 - 4/1/2025
Summary
The 'Sales: Retail Trade: Total Retail Trade: Volume for Czech Republic' measures the total volume of retail sales 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 total retail trade volume, which encompasses the sales of goods and services to end consumers. It is a key metric for assessing the health and trajectory of the Czech economy, as consumer spending is a major driver of economic growth.
Methodology
The data is collected through surveys of retail businesses and compiled by the Czech Statistical Office.
Historical Context
Retail trade volume is closely monitored by policymakers and market analysts to gauge consumer confidence and inform economic forecasting.
Key Facts
- Retail trade accounts for around 30% of Czech GDP.
- Czech retail sales peaked in 2019 before declining due to the COVID-19 pandemic.
- E-commerce has grown rapidly in the Czech Republic in recent years.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total volume of retail sales in the Czech Republic, including the sale of goods and services to end consumers.
Q: Why is this trend relevant for users or analysts?
A: Retail trade volume is a key metric for assessing consumer spending and overall economic activity in the Czech Republic.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses and compiled by the Czech Statistical Office.
Q: How is this trend used in economic policy?
A: Retail trade volume is closely monitored by policymakers and market analysts to gauge consumer confidence and inform economic forecasting.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Total Retail Trade: Volume for Czech Republic (CZESLRTTO01GYSAM), retrieved from FRED.