Sales: Retail Trade: Total Retail Trade: Value for Slovak Republic
SLRTTO02SKQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
153.82
Year-over-Year Change
27.80%
Date Range
1/1/1995 - 7/1/2023
Summary
This trend measures the total value of retail trade sales in the Slovak Republic, 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
The Retail Trade: Total Retail Trade: Value for Slovak Republic is an important economic indicator that tracks the total sales of goods and services by retail establishments. It serves as a proxy for consumer demand and can help analysts and policymakers assess the overall health of the Slovak economy.
Methodology
The data is collected through surveys of retail businesses in the Slovak Republic.
Historical Context
This trend is closely monitored by economists and policymakers to gauge consumer confidence and inform economic policies.
Key Facts
- The retail trade sector accounts for a significant portion of the Slovak economy.
- Retail sales data is a leading indicator of economic conditions and consumer confidence.
- Fluctuations in retail trade values can signal changes in household spending patterns.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of retail trade sales in the Slovak Republic, providing insights into consumer spending and economic activity.
Q: Why is this trend relevant for users or analysts?
A: Retail sales data is a crucial indicator of consumer demand and the overall health of the Slovak economy, making it relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses in the Slovak Republic.
Q: How is this trend used in economic policy?
A: Retail trade data is closely monitored by economists and policymakers to gauge consumer confidence and inform economic policies in the Slovak Republic.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential limitations associated with survey-based economic indicators.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Total Retail Trade: Value for Slovak Republic (SLRTTO02SKQ661N), retrieved from FRED.