Sales: Retail Trade: Total Retail Trade: Volume for Slovak Republic
SLRTTO01SKQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-5.18
Year-over-Year Change
-393.99%
Date Range
4/1/1995 - 1/1/2025
Summary
The 'Sales: Retail Trade: Total Retail Trade: Volume for Slovak Republic' metric measures the total volume of retail sales in Slovakia, providing insights into consumer spending 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 metric tracks the total volume of retail sales in Slovakia, a key indicator of consumer demand and broader economic health. Economists and policymakers use this data to assess the state of the Slovak consumer economy and make informed decisions.
Methodology
The data is collected through surveys of retail businesses and compiled by the Slovak Statistical Office.
Historical Context
This retail sales volume trend is a widely referenced economic indicator used to evaluate consumer confidence and spending patterns in Slovakia.
Key Facts
- Retail sales account for a significant portion of Slovakia's GDP.
- The trend has shown steady growth in recent years, indicating a strengthening consumer market.
- Retail sales data is closely watched by the National Bank of Slovakia and other policymakers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of retail sales in Slovakia, providing insight into consumer spending and the overall health of the Slovak consumer economy.
Q: Why is this trend relevant for users or analysts?
A: Retail sales data is a key economic indicator used by analysts, policymakers, and businesses to understand consumer demand and make informed decisions about the Slovak market.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses and compiled by the Slovak Statistical Office.
Q: How is this trend used in economic policy?
A: Retail sales volume is closely monitored by the National Bank of Slovakia and other policymakers to assess the state of the consumer economy and inform economic policies.
Q: Are there update delays or limitations?
A: The retail sales data is published on a monthly basis with a typical delay of 4-6 weeks.
Related Trends
Number of Identified Exporters to Slovakia from West Virginia
WVSVKA475SCEN
Harmonized Index of Consumer Prices: All Items Excluding Mainly Administered Prices for Slovakia
00XAPMSKM086NEST
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Imputed Rentals for Housing for Slovak Republic
SVKCP040200GYM
Harmonized Index of Consumer Prices: Gas for Slovakia
CP0452SKM086NEST
Infra-Annual Labor Statistics: Monthly Unemployment Female: 15 Years or over for Slovak Republic
LFHUTTFESKM647N
Infra-Annual Labor Statistics: Employees Total for Slovak Republic
LFESEETTSKQ647N
Citation
U.S. Federal Reserve, Sales: Retail Trade: Total Retail Trade: Volume for Slovak Republic (SLRTTO01SKQ657S), retrieved from FRED.