Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Ireland
SLRTTO01IEQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.91
Year-over-Year Change
10.11%
Date Range
1/1/2000 - 1/1/2024
Summary
This economic trend measures the volume of retail trade, excluding motor vehicles and motorcycles, in Ireland. It provides insights into the overall health and activity of the Irish retail sector, which is a key driver of the country's economy.
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 sales made by retail establishments in Ireland, adjusted for inflation. It serves as an important indicator of consumer demand and economic performance, helping policymakers and analysts assess the state of the Irish economy.
Methodology
The data is collected through surveys of retail businesses and compiled by the Irish Central Statistics Office.
Historical Context
Retail trade data is widely used by economists, policymakers, and market analysts to monitor consumer spending and make informed decisions.
Key Facts
- Ireland's retail trade volume accounts for a significant portion of its GDP.
- The index is seasonally adjusted to account for fluctuations throughout the year.
- Retail trade data is closely watched by the Irish government and the European Central Bank.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of retail trade, excluding motor vehicles and motorcycles, in Ireland. It provides an indicator of consumer demand and overall economic activity in the Irish retail sector.
Q: Why is this trend relevant for users or analysts?
A: Retail trade data is a crucial indicator of consumer spending and economic performance, which is closely monitored by policymakers, economists, and market analysts to inform their decisions and assessments of the Irish economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses and compiled by the Irish Central Statistics Office.
Q: How is this trend used in economic policy?
A: Retail trade data is used by the Irish government and the European Central Bank to monitor consumer spending, assess the state of the economy, and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of 2-3 months between the reference period and the publication of the data.
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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 (SLRTTO01IEQ661N), retrieved from FRED.