Monthly State Retail Sales: Electronics and Appliance Stores in Colorado
MSRSCO443 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.10
Year-over-Year Change
156.25%
Date Range
1/1/2019 - 4/1/2025
Summary
The Monthly State Retail Sales: Electronics and Appliance Stores in Colorado trend measures consumer spending on electronics and appliances in Colorado's retail sector. This metric is a key indicator of economic activity and consumer confidence in the state.
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
This series tracks monthly retail sales for electronics and appliance stores across Colorado. It provides insight into consumer demand, spending patterns, and the overall health of the state's retail industry. Economists and policymakers use this data to assess economic conditions and make informed decisions.
Methodology
The data is collected through surveys of businesses in the electronics and appliance retail sector across Colorado.
Historical Context
This trend is used by economists, businesses, and policymakers to understand the state of Colorado's consumer economy and guide economic and policy decisions.
Key Facts
- Colorado's electronics and appliance retail sales account for over $1 billion annually.
- Retail sales in this sector have grown by 5% on average over the past 5 years.
- The COVID-19 pandemic led to a 15% decline in Colorado's electronics and appliance retail sales in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly retail sales for electronics and appliance stores in the state of Colorado. It provides insights into consumer spending and demand in this sector of Colorado's economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of economic activity and consumer confidence in Colorado. It helps analysts and policymakers understand the health of the state's retail industry and consumer spending patterns.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses in the electronics and appliance retail sector across Colorado.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to assess the state of Colorado's consumer economy and inform economic and policy decisions, such as tax policy, business regulations, and consumer incentives.
Q: Are there update delays or limitations?
A: The data is published with a 1-2 month delay, so it may not reflect the most current economic conditions. Additionally, the sample size for smaller geographic areas may be limited, affecting the trend's representativeness.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: Electronics and Appliance Stores in Colorado (MSRSCO443), retrieved from FRED.