Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Ireland
SLRTTO01IEA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
133.70
Year-over-Year Change
13.59%
Date Range
1/1/2000 - 1/1/2023
Summary
This economic trend measures the volume of retail trade activity in Ireland, excluding motor vehicles and motorcycles. It provides insights into consumer demand and the overall health of the Irish retail sector.
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 volume of sales across a wide range of retail establishments in Ireland. It serves as an important indicator of consumer spending and economic activity, helping policymakers and analysts assess the strength of the Irish economy.
Methodology
The data is collected through surveys of retail businesses and calculated as a seasonally adjusted volume index.
Historical Context
Retail trade data is closely monitored by economists and policymakers to gauge domestic consumer demand and its implications for the broader economy.
Key Facts
- The index has a base year of 2015 = 100.
- Retail trade accounts for a significant portion of Ireland's GDP.
- The data is released on a monthly basis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of retail sales in Ireland, excluding motor vehicles and motorcycles. It provides a comprehensive view of consumer spending and economic activity in the retail sector.
Q: Why is this trend relevant for users or analysts?
A: Retail trade data is a key indicator of domestic consumer demand, which is a significant driver of economic growth. This trend helps analysts and policymakers assess the health of the Irish economy and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses and calculated as a seasonally adjusted volume index by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Retail trade data is closely monitored by policymakers and economists to gauge consumer spending and its implications for the broader economy. It informs decisions related to fiscal and monetary policy, as well as market analysis.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of a few weeks. There may be limitations in capturing certain types of retail activity, such as online sales.
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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 Ireland (SLRTTO01IEA661N), retrieved from FRED.