Monthly State Retail Sales: Food and Beverage Stores in Maine
MSRSME445 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.80
Year-over-Year Change
-352.17%
Date Range
1/1/2019 - 4/1/2025
Summary
The Monthly State Retail Sales: Food and Beverage Stores in Maine measures the total sales revenue of food and beverage stores in the state. It provides insights into consumer spending patterns and economic activity 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
This economic indicator tracks the monthly sales revenue for food and beverage stores in the state of Maine. It is a key metric for understanding the health and performance of the retail industry, as well as broader trends in consumer spending and confidence.
Methodology
The data is collected through surveys of retail establishments and calculated by the U.S. Census Bureau.
Historical Context
This trend is widely followed by economists, policymakers, and market analysts to assess the state of the Maine economy and consumer market.
Key Facts
- Maine has over 1,200 food and beverage stores.
- Retail sales account for over 10% of Maine's GDP.
- Food and beverage stores make up about 30% of total retail sales in Maine.
FAQs
Q: What does this economic trend measure?
A: The Monthly State Retail Sales: Food and Beverage Stores in Maine measures the total sales revenue generated by food and beverage stores located in the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into consumer spending patterns and the health of the retail sector in Maine, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and calculated by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the strength of the Maine economy and consumer market, which informs decisions on economic policy, spending, and investment.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical 2-month delay between the reference period and the release date.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: Food and Beverage Stores in Maine (MSRSME445), retrieved from FRED.