Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Russia
Annual, Seasonally Adjusted
RUSSARTAISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.79
Year-over-Year Change
8.93%
Date Range
1/1/1995 - 1/1/2020
Summary
The Russian Retail Sales Index measures the monthly percentage change in sales of retail goods and services in Russia. 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 Russian Retail Sales Index is a widely followed economic indicator that tracks the performance of Russia's retail sector. It provides insight into consumer confidence and spending patterns, which are crucial for assessing the overall health of the Russian economy.
Methodology
The index is calculated by the Federal State Statistics Service of Russia based on surveys of retail establishments.
Historical Context
Retail sales data is used by policymakers, analysts, and investors to gauge the strength of Russia's consumer-driven economy.
Key Facts
- The index is published monthly.
- Russia is one of the largest consumer markets in Europe.
- Retail sales account for over 50% of Russia's GDP.
FAQs
Q: What does this economic trend measure?
A: The Russian Retail Sales Index measures the monthly percentage change in the volume of retail goods and services sold in Russia.
Q: Why is this trend relevant for users or analysts?
A: Retail sales data is a key indicator of consumer demand and economic activity in Russia, providing insights into the health of the consumer-driven economy.
Q: How is this data collected or calculated?
A: The index is calculated by the Federal State Statistics Service of Russia based on surveys of retail establishments.
Q: How is this trend used in economic policy?
A: Retail sales data is used by policymakers, analysts, and investors to assess the strength of consumer spending and make informed decisions about the Russian economy.
Q: Are there update delays or limitations?
A: The index is published monthly, with a typical release lag of around 4-6 weeks after the end of the reference period.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (RUSSARTAISMEI), retrieved from FRED.