Producer Prices Index: Economic Activities: Energy: Domestic for Russia
Quarterly
RUSPIEAEN02GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.04
Year-over-Year Change
1085.71%
Date Range
1/1/2015 - 10/1/2021
Summary
The Quarterly Retail Sales data measures changes in total sales for the retail sector in Russia. This metric is closely watched by economists and policymakers as an indicator of consumer spending and overall 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 Quarterly Retail Sales series tracks the total value of retail transactions, including sales of goods and services by businesses to households. It is a key indicator of consumer demand and a driver of economic growth in Russia.
Methodology
The data is collected through surveys of retail businesses and compiled by the Russian Federal State Statistics Service.
Historical Context
Retail sales data is used by the Central Bank of Russia and other policymakers to assess the strength of the Russian economy and inform monetary and fiscal policy decisions.
Key Facts
- Retail sales account for over 50% of Russia's GDP.
- Sales typically peak in the fourth quarter due to holiday shopping.
- The COVID-19 pandemic caused a sharp decline in Russian retail sales in 2020.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Retail Sales data measures the total value of retail transactions, including sales of goods and services by businesses to households in Russia.
Q: Why is this trend relevant for users or analysts?
A: Retail sales are a key indicator of consumer demand and overall economic activity, making this data highly relevant for economists, policymakers, and market analysts in Russia.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses and compiled by the Russian Federal State Statistics Service.
Q: How is this trend used in economic policy?
A: The Central Bank of Russia and other policymakers use retail sales data to assess the strength of the Russian economy and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Quarterly Retail Sales data is published with a lag of approximately one quarter, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Quarterly Retail Sales (RUSPIEAEN02GPQ), retrieved from FRED.