Monthly State Retail Sales: Building Material and Garden Equipment and Supplies Dealers in Connecticut
MSRSCT444 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.50
Year-over-Year Change
-120.00%
Date Range
1/1/2019 - 4/1/2025
Summary
The Monthly State Retail Sales: Building Material and Garden Equipment and Supplies Dealers in Connecticut measures retail sales for this industry sector in the state. It provides insight into consumer demand and economic activity.
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 data series tracks the monthly retail sales figures for building material and garden equipment and supplies dealers located in the state of Connecticut. It is used by economists and policymakers to assess the health of the state's construction and home improvement sectors.
Methodology
The data is collected through surveys of businesses in the relevant industry categories.
Historical Context
Trends in this metric can inform decisions around fiscal and monetary policy, as well as provide context for the Connecticut housing and construction markets.
Key Facts
- Connecticut is the 3rd smallest state by area in the U.S.
- Retail sales in this sector account for around 5% of total state GDP.
- Sales typically peak in the spring and summer months
FAQs
Q: What does this economic trend measure?
A: This data series measures the monthly retail sales figures for building material and garden equipment and supplies dealers located in the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: Trends in this metric provide insight into consumer demand and economic activity in Connecticut's construction and home improvement sectors, which is valuable information for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the relevant industry categories.
Q: How is this trend used in economic policy?
A: Trends in this metric can inform decisions around fiscal and monetary policy, as well as provide context for the Connecticut housing and construction markets.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be lags of several weeks between the reference period and the publication of the figures.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: Building Material and Garden Equipment and Supplies Dealers in Connecticut (MSRSCT444), retrieved from FRED.