Sales: Retail Trade: Total Retail Trade: Value for Spain
SLRTTO02ESA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.90
Year-over-Year Change
15.11%
Date Range
1/1/1995 - 1/1/2022
Summary
The 'Sales: Retail Trade: Total Retail Trade: Value for Spain' series measures the total value of retail sales in Spain. This important economic indicator provides insights into consumer spending and the overall health of the Spanish 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
This retail sales index tracks the total value of goods sold by Spanish retailers, covering a broad range of consumer products. The data is used by economists and policymakers to monitor consumer demand, inflation, and overall economic conditions.
Methodology
The data is collected by the Spanish National Statistics Institute through surveys of retail businesses.
Historical Context
Retail sales are a key driver of economic growth, so this indicator is closely watched by the Bank of Spain and other institutions.
Key Facts
- Retail sales account for over 50% of Spain's GDP.
- The index is published monthly by the Spanish National Statistics Institute.
- Retail trade is a major employer in Spain, making up over 15% of total jobs.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total value of retail sales in Spain, covering a wide range of consumer goods and services.
Q: Why is this trend relevant for users or analysts?
A: Retail sales are a key indicator of consumer demand and the overall health of the Spanish economy, making this data essential for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail businesses in Spain by the National Statistics Institute.
Q: How is this trend used in economic policy?
A: Retail sales figures are closely monitored by the Bank of Spain and other institutions to assess consumer confidence, inflation pressures, and the broader economic outlook.
Q: Are there update delays or limitations?
A: The retail sales data is published monthly with a typical delay of 4-6 weeks.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Total Retail Trade: Value for Spain (SLRTTO02ESA661N), retrieved from FRED.