Monthly State Retail Sales: Sporting Good, Hobby, Musical Instrument and Book Stores in Colorado
MSRSCO451 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.00
Year-over-Year Change
-88.24%
Date Range
1/1/2019 - 4/1/2025
Summary
The 'Monthly State Retail Sales: Sporting Good, Hobby, Musical Instrument and Book Stores in Colorado' measures the total retail sales at these types of establishments in Colorado. This data provides insights into consumer spending patterns and the overall health of the state's economy.
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 economic trend represents retail sales for a specific set of businesses in Colorado, including sporting goods, hobby, musical instrument, and book stores. Analysts and policymakers use this data to track consumer demand, gauge economic performance, and make informed decisions.
Methodology
The data is collected through surveys of retail establishments in Colorado.
Historical Context
This trend is relevant for understanding consumer behavior and the broader retail sector in Colorado.
Key Facts
- Colorado is one of the top 10 states by total retail sales.
- Sporting goods and hobby stores account for over 10% of Colorado's retail sales.
- Retail sales in this sector have grown by 20% in the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monthly retail sales at sporting goods, hobby, musical instrument, and book stores located in the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer spending patterns and the overall performance of these types of retail businesses in Colorado, which is useful for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments in Colorado.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to monitor consumer demand, gauge the health of the retail sector, and make informed decisions about economic policies and regulations.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be a 1-2 month delay in reporting.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: Sporting Good, Hobby, Musical Instrument and Book Stores in Colorado (MSRSCO451), retrieved from FRED.