Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Slovak Republic
SLRTTO01SKQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.89
Year-over-Year Change
14.42%
Date Range
1/1/1995 - 1/1/2024
Summary
This economic trend measures the volume of retail trade activity in Slovakia, excluding the motor vehicle and motorcycle sectors. It serves as an important indicator of consumer demand and overall economic health.
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 value of retail sales, adjusted for inflation, across a broad range of retail industries in Slovakia. It is a key metric used by economists and policymakers to gauge the strength of consumer spending and monitor the country's economic performance.
Methodology
The data is collected through surveys of retail businesses and calculated as a seasonally adjusted index.
Historical Context
Retail trade data informs decisions around fiscal and monetary policy in Slovakia.
Key Facts
- Slovakia's retail trade volume hit a record high in 2019.
- Retail trade accounts for approximately 20% of Slovakia's GDP.
- The index is published monthly by the Statistical Office of the Slovak Republic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of retail sales in Slovakia, excluding the motor vehicle and motorcycle sectors. It is a key indicator of consumer demand and economic activity.
Q: Why is this trend relevant for users or analysts?
A: Retail trade data is crucial for understanding the strength of consumer spending and the overall health of the Slovak economy. It informs decision-making by policymakers, investors, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses and calculated as a seasonally adjusted index by the Statistical Office of the Slovak Republic.
Q: How is this trend used in economic policy?
A: Retail trade data is used by the Slovak government and central bank to inform fiscal and monetary policy decisions aimed at supporting economic growth and stability.
Q: Are there update delays or limitations?
A: The retail trade volume index is published monthly with a typical 1-2 month delay. The data may be subject to revisions as more complete information becomes available.
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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 Slovak Republic (SLRTTO01SKQ661N), retrieved from FRED.