Sectoral Output for Retail Trade: Outdoor Power Equipment Stores (NAICS 444210) in the United States
IPUHN444210T300000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,026.00
Year-over-Year Change
123.39%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the output of outdoor power equipment stores in the United States, a key indicator of consumer spending and demand in the retail trade 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 Sectoral Output for Retail Trade: Outdoor Power Equipment Stores (NAICS 444210) metric tracks the production and sales volumes of businesses that sell lawn mowers, chainsaws, and other outdoor power equipment. This data is used by economists to gauge the health of the retail trade industry and consumer confidence.
Methodology
The data is collected by the U.S. Federal Reserve through surveys of businesses in the specified NAICS industry code.
Historical Context
Policymakers and market analysts monitor this trend to understand consumer behavior and the broader retail landscape.
Key Facts
- Outdoor power equipment stores account for over $10 billion in annual sales in the U.S.
- This sector saw a 15% decline in output during the 2020 recession.
- Lawn mowers and chainsaws make up the majority of outdoor power equipment sales.
FAQs
Q: What does this economic trend measure?
A: This trend measures the output and sales volumes of outdoor power equipment stores, which include businesses that sell lawn mowers, chainsaws, and other landscaping tools and machinery.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending patterns and the overall health of the retail trade sector, making it a useful indicator for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve collects this data through surveys of businesses classified under the NAICS 444210 industry code for outdoor power equipment stores.
Q: How is this trend used in economic policy?
A: Policymakers and central banks monitor this trend to gauge consumer confidence and demand, which can inform decisions around interest rates, fiscal policy, and other economic interventions.
Q: Are there update delays or limitations?
A: This data is published monthly by the Federal Reserve, but may be subject to revisions and can lag behind real-time economic conditions.
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Citation
U.S. Federal Reserve, Sectoral Output for Retail Trade: Outdoor Power Equipment Stores (NAICS 444210) in the United States (IPUHN444210T300000000), retrieved from FRED.