Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Slovak Republic
SVKSARTQISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.65
Year-over-Year Change
9.90%
Date Range
1/1/1995 - 1/1/2024
Summary
This economic trend measures the retail trade volume, excluding motor vehicles and motorcycles, in the Slovak Republic. It provides insights into the overall level of economic activity and consumer demand in the retail sector.
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 trend tracks the total value of retail sales, adjusted for inflation, in the Slovak Republic. It serves as an important indicator of consumer spending and economic health, as the retail sector is a key driver of economic growth.
Methodology
The data is collected through surveys of retail businesses and calculated by the statistical agency in Slovakia.
Historical Context
Policymakers and analysts use this trend to assess the state of the Slovak economy and make informed decisions.
Key Facts
- Retail trade accounts for over 20% of Slovakia's GDP.
- The retail sector employs around 300,000 people in Slovakia.
- Retail sales in Slovakia have grown steadily since the early 2000s.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of retail sales, excluding motor vehicles and motorcycles, in the Slovak Republic. It provides a gauge of consumer demand and economic activity in the retail sector.
Q: Why is this trend relevant for users or analysts?
A: The Retail Trade Volume trend is a key indicator of the overall health of the Slovak economy, as consumer spending in the retail sector is a major driver of economic growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses in Slovakia and calculated by the country's statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the state of the Slovak economy and make informed decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is typically published on a quarterly basis, with a short delay of around 2-3 months. There may be some limitations in coverage or accuracy due to the survey-based nature of the data collection.
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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 (SVKSARTQISMEI), retrieved from FRED.