Sales: Retail Trade: Total Retail Trade: Volume for Israel
SLRTTO01ILQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.65
Year-over-Year Change
-68.79%
Date Range
1/1/1996 - 1/1/2025
Summary
The 'Sales: Retail Trade: Total Retail Trade: Volume for Israel' indicator measures the total volume of retail sales transactions in the Israeli economy. It provides important insights into 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
This economic indicator tracks the total volume of retail sales, which includes the purchase of goods and services by consumers. It is a key metric used by economists and policymakers to gauge the overall health and direction of the Israeli economy.
Methodology
The data is collected through surveys of retail businesses and compiled by the Israeli Central Bureau of Statistics.
Historical Context
Retail trade volume is closely watched as a barometer of consumer confidence and spending patterns, which can inform monetary and fiscal policy decisions.
Key Facts
- Retail trade accounts for over 15% of Israel's GDP.
- Israel's retail sales volume has grown by an average of 3% annually over the past decade.
- Fluctuations in retail trade are closely linked to changes in consumer confidence in Israel.
FAQs
Q: What does this economic trend measure?
A: The 'Sales: Retail Trade: Total Retail Trade: Volume for Israel' indicator tracks the total volume of retail sales transactions in the Israeli economy.
Q: Why is this trend relevant for users or analysts?
A: Retail trade volume is a key indicator of consumer demand and overall economic activity, making it highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses and compiled by the Israeli Central Bureau of Statistics.
Q: How is this trend used in economic policy?
A: Fluctuations in retail trade volume are closely watched by the Bank of Israel and other policymakers as they can inform decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The retail trade volume data for Israel is published on a monthly basis with a lag of approximately 6-8 weeks.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Total Retail Trade: Volume for Israel (SLRTTO01ILQ659S), retrieved from FRED.