Sales: Retail Trade: Total Retail Trade: Volume for Ireland
IRLSLRTTO01GYSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.75
Year-over-Year Change
-21.36%
Date Range
1/1/1969 - 1/1/2024
Summary
This economic trend measures the total volume of retail trade in Ireland, providing insights into consumer spending and broader 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: Total Retail Trade: Volume for Ireland tracks the overall level of retail sales in the country, serving as an important indicator of consumer demand and sentiment. It is closely monitored by economists and policymakers to assess the health of the Irish economy.
Methodology
The data is collected through surveys of retail businesses and calculated as an index with a base year.
Historical Context
This trend is widely used to inform monetary and fiscal policy decisions in Ireland and the European Union.
Key Facts
- Ireland's retail trade volume index has a base year of 2015.
- Retail trade accounts for a significant portion of Ireland's GDP.
- Fluctuations in this trend can signal changes in consumer confidence.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of retail trade in Ireland, providing insights into consumer spending and broader economic activity.
Q: Why is this trend relevant for users or analysts?
A: This trend is closely monitored by economists and policymakers to assess the health of the Irish economy, as it serves as an important indicator of consumer demand and sentiment.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses and calculated as an index with a base year.
Q: How is this trend used in economic policy?
A: This trend is widely used to inform monetary and fiscal policy decisions in Ireland and the European Union.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule, but there may be occasional delays or revisions due to the nature of survey-based economic indicators.
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IMP4190
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Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for Ireland
IRLCP120000GPQ
National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Ireland
NAEXKP03IEQ189S
Private Credit by Deposit Money Banks to GDP for Ireland
DDDI01IEA156NWDB
Citation
U.S. Federal Reserve, Sales: Retail Trade: Total Retail Trade: Volume for Ireland (IRLSLRTTO01GYSAM), retrieved from FRED.