Sales: Retail Trade: Total Retail Trade: Value for Germany
SLRTTO02DEQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
138.57
Year-over-Year Change
11.69%
Date Range
1/1/1960 - 7/1/2023
Summary
The 'Sales: Retail Trade: Total Retail Trade: Value for Germany' series measures the total retail sales revenue in Germany on a monthly basis. This metric is a key indicator of consumer spending and overall economic activity in the country.
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 tracks the total value of retail sales, including all products and services sold by retail establishments in Germany. It is a widely used barometer of consumer demand and a leading indicator of economic health that helps inform policy decisions.
Methodology
The data is collected through surveys of retail businesses and compiled by the German Federal Statistical Office.
Historical Context
Retail sales figures are closely monitored by economists, policymakers, and investors to assess the strength of consumer spending and the broader German economy.
Key Facts
- Germany is the largest economy in Europe.
- Retail sales account for around 30% of Germany's GDP.
- Consumer spending is a major driver of the German economy.
FAQs
Q: What does this economic trend measure?
A: The 'Sales: Retail Trade: Total Retail Trade: Value for Germany' series measures the total revenue from retail sales in Germany, encompassing all products and services sold by retail establishments in the country.
Q: Why is this trend relevant for users or analysts?
A: Retail sales data is a key indicator of consumer demand and overall economic activity in Germany. It helps economists, policymakers, and investors assess the strength of the German economy and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses and compiled by the German Federal Statistical Office.
Q: How is this trend used in economic policy?
A: Retail sales figures are closely monitored by policymakers in Germany and the European Union to gauge the health of the consumer economy and inform decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The retail sales data is published monthly by the German Federal Statistical Office, with a typical delay of 4-6 weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Total Retail Trade: Value for Germany (SLRTTO02DEQ661S), retrieved from FRED.