Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for G7
G7SLRTTO01IXOBSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.46
Year-over-Year Change
0.35%
Date Range
1/1/1970 - 12/1/2023
Summary
This economic trend measures the retail trade volume for the G7 economies, excluding motor vehicles and motorcycles. It is a key indicator of consumer demand 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
The Retail Trade Volume index tracks the total volume of retail sales across the G7 countries. This broad measure of consumer spending provides insights into the health of the overall economy and consumer confidence.
Methodology
The data is collected through surveys of retail establishments and calculated as an index.
Historical Context
Policymakers and analysts use this metric to gauge the strength of consumer-driven economic growth.
Key Facts
- The G7 economies account for over 60% of global GDP.
- Retail trade is approximately 30% of total GDP in the G7.
- Retail sales volumes can signal changes in consumer confidence.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of retail trade across the G7 countries, excluding motor vehicles and motorcycles.
Q: Why is this trend relevant for users or analysts?
A: Retail trade is a key indicator of consumer spending and economic activity, making this metric important for understanding the health of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and calculated as an index.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the strength of consumer-driven economic growth and make informed decisions.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates, and there may be some lags in reporting across the G7 countries.
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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 G7 (G7SLRTTO01IXOBSAM), retrieved from FRED.