Sales: Retail Trade: Total Retail Trade: Volume for Australia
SLRTTO01AUQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.03
Year-over-Year Change
-97.64%
Date Range
10/1/1983 - 1/1/2025
Summary
The 'Sales: Retail Trade: Total Retail Trade: Volume for Australia' metric measures the total volume of retail sales in Australia. This key economic indicator provides insights into consumer demand and overall economic health.
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
This series represents the total volume of retail trade in Australia, which encompasses the sale of goods to the general public for personal or household consumption. The retail trade volume index is a widely-followed indicator of consumer activity and economic momentum.
Methodology
The data is collected through monthly surveys of Australian retailers and compiled by the Australian Bureau of Statistics.
Historical Context
Retail trade volumes are closely watched by policymakers, economists, and investors to gauge the strength of consumer spending and broader economic conditions.
Key Facts
- Australia's retail trade accounts for over 30% of GDP.
- Retail sales volumes declined during the COVID-19 pandemic.
- Rising interest rates can impact consumer spending and retail trade.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total volume of retail sales in Australia, providing insights into consumer demand and broader economic activity.
Q: Why is this trend relevant for users or analysts?
A: Retail trade volumes are a key indicator of consumer spending and economic health, closely watched by policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of Australian retailers and compiled by the Australian Bureau of Statistics.
Q: How is this trend used in economic policy?
A: Retail trade volumes are used by policymakers, central banks, and analysts to assess the strength of consumer demand and the overall state of the economy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of around one month between the reference period and the data publication.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Total Retail Trade: Volume for Australia (SLRTTO01AUQ657S), retrieved from FRED.