Sectoral Output for Retail Trade: Hobby, Toy, and Game Stores (NAICS 451120) in the United States
IPUHN451120T301000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
-35.48%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures the output of hobby, toy, and game stores in the United States. It provides valuable insights into the health and performance of this specific 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 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 and sales activity within this specialized retail category. It is widely used by economists, policymakers, and industry analysts to assess the state of the consumer economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve as part of its Industrial Production and Capacity Utilization survey.
Historical Context
This metric is closely monitored for its implications on consumer spending patterns and broader retail industry trends.
Key Facts
- The series dates back to 1972.
- Hobby, toy, and game stores account for over $30 billion in annual sales in the U.S.
- The sector experienced significant volatility during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the output, or production and sales activity, of hobby, toy, and game stores (NAICS 451120) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the health and performance of this specialized retail sector, which is an important component of the broader consumer 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 and Capacity Utilization survey.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, policymakers, and industry analysts for its implications on consumer spending patterns and broader retail industry trends.
Q: Are there update delays or limitations?
A: The data is published monthly by the Federal Reserve, but may be subject to revisions and delays due to the complexities of data collection.
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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 (IPUHN451120T301000000), retrieved from FRED.