Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Portugal
SLRTTO01PTQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
137.07
Year-over-Year Change
41.05%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the retail trade volume in Portugal, excluding motor vehicles and motorcycles. It provides insights into consumer spending and economic activity in the 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 retail sales across a range of industries in Portugal, excluding automotive trade. It is a key indicator of consumer demand and confidence, and is closely monitored by economists and policymakers.
Methodology
The data is collected through surveys of retail businesses and calculated as an index relative to a base year.
Historical Context
Retail trade volumes are an important input for assessing the overall health of the Portuguese economy and consumer market.
Key Facts
- The retail trade volume index has a base year of 2015.
- Retail trade makes up around 20% of Portugal's GDP.
- Volumes declined sharply during the COVID-19 pandemic but have since rebounded.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of retail sales in Portugal, excluding the motor vehicle and motorcycle trade sectors.
Q: Why is this trend relevant for users or analysts?
A: Retail trade volumes are a key indicator of consumer demand and confidence, providing insights into the health of the Portuguese economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses and calculated as an index relative to a base year.
Q: How is this trend used in economic policy?
A: Retail trade volumes are closely monitored by economists and policymakers to assess consumer spending patterns and the overall state of the Portuguese economy.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month delay.
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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 Portugal (SLRTTO01PTQ661N), retrieved from FRED.