Sectoral Output for Retail Trade: Used Merchandise Stores (NAICS 45331) in the United States
IPUHN45331T300000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25,103.00
Year-over-Year Change
70.44%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the output of used merchandise stores, a subset of the retail trade sector, in the United States. It provides important insights into consumer demand and the secondary goods market.
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: Used Merchandise Stores (NAICS 45331) series tracks the monthly production levels of businesses that sell previously owned goods, such as thrift stores, antique shops, and pawn shops. This metric offers valuable signals about consumer behavior and the health of the secondary market economy.
Methodology
The data is collected through surveys by the U.S. Census Bureau.
Historical Context
Economists and policymakers monitor this trend to assess consumer spending patterns and the broader retail industry.
Key Facts
- Used merchandise stores account for approximately 1% of total U.S. retail trade.
- Output in this sector tends to rise during economic downturns as consumers seek more affordable options.
- Thrift stores and pawn shops are the largest contributors to used merchandise retail trade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly output or production levels of businesses that sell previously owned goods, such as thrift stores, antique shops, and pawn shops, which are classified under NAICS code 45331 (Retail Trade: Used Merchandise Stores).
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into consumer demand and the health of the secondary market economy. It offers signals about consumer spending patterns and can be used by economists and policymakers to assess the broader retail industry.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to understand consumer behavior and spending patterns, particularly during periods of economic uncertainty when consumers may seek more affordable options in the secondary market.
Q: Are there update delays or limitations?
A: The data is released with a typical lag of one to two months from the reference period.
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Citation
U.S. Federal Reserve, Sectoral Output for Retail Trade: Used Merchandise Stores (NAICS 45331) in the United States (IPUHN45331T300000000), retrieved from FRED.