Monthly State Retail Sales: Sporting Good, Hobby, Musical Instrument and Book Stores in North Carolina
MSRSNC451 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
-131.91%
Date Range
1/1/2019 - 4/1/2025
Summary
The Monthly State Retail Sales: Sporting Good, Hobby, Musical Instrument and Book Stores in North Carolina tracks consumer spending in this key retail category for the state. This data provides important insights into the health of the North Carolina 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 series measures the monthly retail sales for sporting goods, hobby, musical instrument, and book stores in the state of North Carolina. It is a key indicator of consumer demand and economic activity in these discretionary spending categories.
Methodology
The data is collected through monthly surveys of businesses in the specified retail sectors across North Carolina.
Historical Context
Policymakers and economists analyze this data to understand trends in North Carolina's consumer spending and broader economic conditions.
Key Facts
- North Carolina is the 9th most populous U.S. state.
- Retail sales account for over 40% of North Carolina's GDP.
- The sporting goods and hobby sector employs over 25,000 people in North Carolina.
FAQs
Q: What does this economic trend measure?
A: This series tracks monthly retail sales for sporting goods, hobby, musical instrument, and book stores in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into consumer spending and economic activity in discretionary retail sectors, which are key indicators of the overall health of the North Carolina economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses in the specified retail sectors across North Carolina.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this data to understand trends in North Carolina's consumer spending and broader economic conditions, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is reported with a 1-2 month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: Sporting Good, Hobby, Musical Instrument and Book Stores in North Carolina (MSRSNC451), retrieved from FRED.