Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Norway
NORSLRTTO01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.30
Year-over-Year Change
-2.68%
Date Range
1/1/1960 - 12/1/2023
Summary
This economic trend measures the retail trade volume in Norway, excluding motor vehicles and motorcycles. It is a key indicator of consumer demand and economic activity in the country.
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 value of retail sales across Norway, adjusting for inflation. It is used by economists and policymakers to assess the health of the Norwegian consumer economy and make informed decisions.
Methodology
The data is collected through surveys of retail establishments and calculated as an index by Norway's statistical agency.
Historical Context
This trend provides important insights into consumer spending and market conditions that inform economic policy and investment decisions.
Key Facts
- The index is based on 2015 as the base year.
- Retail trade accounts for over 30% of Norway's GDP.
- The trend has shown steady growth since the early 2000s.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of retail sales in Norway, excluding motor vehicles and motorcycles. It provides an indication of consumer demand 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 crucial indicator of the health of the Norwegian consumer economy. It helps economists and policymakers assess consumer spending patterns and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments in Norway and calculated as an index by the country's statistical agency.
Q: How is this trend used in economic policy?
A: This trend provides important insights into consumer spending and market conditions that inform economic policy and investment decisions in Norway.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of 1-2 months. There may be some limitations in coverage or sampling that can affect the accuracy of the index.
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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 Norway (NORSLRTTO01IXOBM), retrieved from FRED.