Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Russia
SLRTTO01RUA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.79
Year-over-Year Change
8.93%
Date Range
1/1/1995 - 1/1/2020
Summary
This economic trend measures the volume of retail trade in Russia, excluding the sale of motor vehicles and motorcycles. It provides insights into consumer demand 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 trend tracks the total value of goods sold by retail establishments in Russia, adjusted for price changes. It is a key indicator of consumer spending and the health of the broader economy.
Methodology
The data is collected through surveys of retail businesses and calculated by the Federal State Statistics Service of Russia.
Historical Context
Retail trade volume is closely monitored by policymakers and analysts to gauge consumer confidence and guide economic decision-making.
Key Facts
- Retail trade accounts for a significant portion of Russia's GDP.
- Fluctuations in retail trade volume can signal changes in consumer confidence.
- Retail trade data is used to inform monetary and fiscal policy decisions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of retail trade in Russia, excluding the sale of motor vehicles and motorcycles. It provides insights into consumer demand and economic activity in the retail sector.
Q: Why is this trend relevant for users or analysts?
A: Retail trade volume is a key indicator of consumer spending and the overall health of the Russian economy. It is closely monitored by policymakers and analysts to gauge consumer confidence and guide economic decision-making.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses and calculated by the Federal State Statistics Service of Russia.
Q: How is this trend used in economic policy?
A: Retail trade volume data is used by policymakers and economists to inform monetary and fiscal policy decisions, as fluctuations in this metric can signal changes in consumer confidence and the broader economic environment.
Q: Are there update delays or limitations?
A: The data is subject to the timely reporting of retail sales by businesses and may have a lag in availability compared to some other economic indicators.
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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 Russia (SLRTTO01RUA661N), retrieved from FRED.