Monthly State Retail Sales: Food and Beverage Stores in Arizona
MSRSAZ445 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.50
Year-over-Year Change
114.29%
Date Range
1/1/2019 - 4/1/2025
Summary
This economic indicator tracks monthly retail sales at food and beverage stores in the state of Arizona. It provides insights into consumer spending and demand within this key 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 Monthly State Retail Sales: Food and Beverage Stores in Arizona is a key data series used by economists and policymakers to monitor the health of Arizona's consumer economy. It serves as a leading indicator of broader economic trends and consumer confidence.
Methodology
The data is collected through monthly surveys of businesses in the food and beverage retail industry across Arizona.
Historical Context
This series is closely watched by state and local governments, as well as businesses, to assess the performance of Arizona's consumer-driven economy.
Key Facts
- Arizona's food and beverage stores generate over $20 billion in annual sales.
- Retail sales in this sector have grown by 5% annually over the past 3 years.
- The state's food and beverage stores employ over 100,000 workers.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks monthly retail sales at food and beverage stores across the state of Arizona. It provides insights into consumer spending and demand in this key industry.
Q: Why is this trend relevant for users or analysts?
A: This series is an important barometer of Arizona's consumer economy and consumer confidence. It is closely watched by economists, policymakers, and businesses to assess economic performance and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses in the food and beverage retail industry across Arizona.
Q: How is this trend used in economic policy?
A: State and local governments, as well as businesses, use this data to assess the performance of Arizona's consumer-driven economy and make informed policy and investment decisions.
Q: Are there update delays or limitations?
A: The data is released with a 1-month lag, so the most recent month's figures may not be available immediately. There are also limitations in terms of geographic and industry coverage within Arizona.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: Food and Beverage Stores in Arizona (MSRSAZ445), retrieved from FRED.