Sectoral Output for Retail Trade: Hobby, Toy, and Game Stores (NAICS 451120) in the United States
IPUHN451120T300000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21,838.00
Year-over-Year Change
31.40%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the output of hobby, toy, and game stores in the United States. It provides insights into the retail trade sector and consumer demand for discretionary goods.
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: Hobby, Toy, and Game Stores (NAICS 451120) in the United States is an important economic indicator that tracks the production levels of stores specializing in the sale of hobby, toy, and game merchandise. This data series is used by economists and policymakers to gauge consumer spending patterns and the overall health of the retail industry.
Methodology
The data is collected and calculated by the U.S. Federal Reserve as part of its industrial production indices.
Historical Context
This trend is closely monitored by analysts and policymakers to understand consumer behavior and its implications for the broader economy.
Key Facts
- Hobby, toy, and game stores account for over $30 billion in annual retail sales in the U.S.
- This sector experienced a significant decline during the COVID-19 pandemic due to lockdowns and reduced consumer activity.
- The performance of this industry is closely tied to consumer confidence and discretionary spending levels.
FAQs
Q: What does this economic trend measure?
A: This trend measures the output or production levels of hobby, toy, and game stores in the United States. It provides insights into the retail trade sector and consumer demand for discretionary goods.
Q: Why is this trend relevant for users or analysts?
A: This trend is closely watched by economists and policymakers as it offers insights into consumer spending patterns and the overall health of the retail industry. Changes in this metric can signal broader shifts in the economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve as part of its industrial production indices.
Q: How is this trend used in economic policy?
A: This trend is used by analysts, policymakers, and market participants to understand consumer behavior and its implications for the broader economy. It informs decision-making related to monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published monthly by the Federal Reserve with a typical release lag of around one month. There may be occasional revisions to historical data as more information becomes available.
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Citation
U.S. Federal Reserve, Sectoral Output for Retail Trade: Hobby, Toy, and Game Stores (NAICS 451120) in the United States (IPUHN451120T300000000), retrieved from FRED.