Sales: Retail Trade: Total Retail Trade: Value for Austria
SLRTTO02ATQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
129.70
Year-over-Year Change
12.47%
Date Range
1/1/1960 - 7/1/2023
Summary
The 'Sales: Retail Trade: Total Retail Trade: Value for Austria' trend measures the total retail sales in Austria, providing insight 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 data series represents the total value of retail trade in Austria, including sales of both durable and non-durable goods. It is a key indicator of domestic demand and consumer confidence, and is closely monitored by economists and policymakers.
Methodology
The data is collected through surveys of retail businesses and compiled by the Austrian statistical agency.
Historical Context
Retail trade data is used to assess the health of the Austrian economy and inform monetary and fiscal policy decisions.
Key Facts
- Austria's retail trade value was €38.7 billion in 2021.
- Retail sales account for around 30% of Austria's GDP.
- The sector employs over 500,000 people in Austria.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of retail trade in Austria, including sales of durable and non-durable consumer goods.
Q: Why is this trend relevant for users or analysts?
A: Retail trade data is a key indicator of domestic demand and consumer confidence, providing insight into the health of the Austrian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses and compiled by the Austrian statistical agency.
Q: How is this trend used in economic policy?
A: Retail trade data is used by economists and policymakers to assess the state of the Austrian economy and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is typically published on a monthly basis with a short delay, providing timely information on the retail sector.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Total Retail Trade: Value for Austria (SLRTTO02ATQ661S), retrieved from FRED.