Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Hungary
HUNSLRTTO01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.67
Year-over-Year Change
3.59%
Date Range
1/1/1992 - 3/1/2024
Summary
This economic trend measures the volume of retail trade activity in Hungary, excluding motor vehicles and motorcycles. It provides valuable insights into consumer spending and the overall health of the Hungarian economy.
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 changes in the total value of retail sales, serving as an important indicator of consumer demand and economic activity. It is widely used by economists, policymakers, and market analysts to monitor trends in household consumption and assess the broader state of the Hungarian economy.
Methodology
The data is collected through surveys of retail businesses and calculated as an index based on the total value of sales.
Historical Context
This trend is closely watched by the Hungarian government and the European Central Bank to inform economic policy decisions.
Key Facts
- The Retail Trade Volume index is published monthly by the Hungarian Central Statistical Office.
- Retail trade accounts for approximately 20% of Hungary's GDP.
- The index is seasonally adjusted to account for regular fluctuations in consumer spending.
FAQs
Q: What does this economic trend measure?
A: The Retail Trade Volume index measures the total value of retail sales in Hungary, excluding motor vehicles and motorcycles. It provides a comprehensive view of consumer spending and economic activity in the retail sector.
Q: Why is this trend relevant for users or analysts?
A: The Retail Trade Volume index is a key indicator of consumer demand and the overall health of the Hungarian economy. It is closely monitored by economists, policymakers, and market analysts to inform economic forecasting and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail businesses in Hungary and calculated as an index based on the total value of sales.
Q: How is this trend used in economic policy?
A: The Retail Trade Volume index is used by the Hungarian government and the European Central Bank to assess consumer spending patterns and inform monetary and fiscal policy decisions that aim to promote economic growth and stability.
Q: Are there update delays or limitations?
A: The Retail Trade Volume index is published monthly with a typical delay of 4-6 weeks. While the data provides a comprehensive view of the retail sector, it may not capture all aspects of consumer behavior or economic activity.
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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 Hungary (HUNSLRTTO01IXOBM), retrieved from FRED.