Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Sweden
SLRTTO01SEQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.47
Year-over-Year Change
-1.84%
Date Range
1/1/1984 - 7/1/2023
Summary
This economic trend measures the volume of retail trade activity in Sweden, excluding motor vehicles and motorcycles. It provides insights into consumer demand and the overall health of the Swedish 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 indicator tracks the total volume of sales in the retail sector in Sweden, excluding the motor vehicle and motorcycle segments. It is a key metric for analyzing consumer spending patterns and evaluating the broader economic conditions.
Methodology
The data is collected through surveys of retail businesses and calculated as an index based on the total sales volume.
Historical Context
This metric is widely used by policymakers, economists, and market analysts to assess the state of the Swedish economy and consumer confidence.
Key Facts
- Retail trade accounts for approximately 10% of Sweden's GDP.
- The index is seasonally adjusted to account for fluctuations in consumer behavior.
- Sweden's retail sector has experienced steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of retail sales in Sweden, excluding motor vehicles and motorcycles. It provides insights into consumer spending patterns and the overall health of the Swedish economy.
Q: Why is this trend relevant for users or analysts?
A: The Retail Trade Volume indicator is a key metric for evaluating consumer demand and economic conditions in Sweden. It is widely used by policymakers, economists, and market analysts to assess the state of the Swedish economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses and calculated as an index based on the total sales volume.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor the Retail Trade Volume indicator to gauge consumer confidence and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of 2-3 months. There may be occasional revisions to the historical data to account for changes in methodology or reporting.
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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 Sweden (SLRTTO01SEQ661N), retrieved from FRED.