Monthly State Retail Sales: Building Material and Garden Equipment and Supplies Dealers in Hawaii
MSRSHI444 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.70
Year-over-Year Change
56.35%
Date Range
1/1/2019 - 11/1/2024
Summary
The Monthly State Retail Sales: Building Material and Garden Equipment and Supplies Dealers in Hawaii measures sales at hardware, home improvement, and garden stores in Hawaii.
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 indicator tracks monthly sales activity in the building materials, garden equipment, and supplies retail sector across the state of Hawaii. It is an important gauge of consumer spending and confidence in the construction and home improvement markets.
Methodology
The data is collected through surveys of retail businesses and compiled by the U.S. Census Bureau.
Historical Context
Policymakers and market analysts use this trend to assess the health of Hawaii's construction and home improvement industries.
Key Facts
- Hawaii is a major tourism and construction market.
- Building material sales account for over 10% of Hawaii's total retail sales.
- Home improvement spending is a leading indicator of economic activity.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks monthly sales at building material, garden equipment, and supplies stores in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into consumer spending in the construction and home improvement sectors, which are important drivers of Hawaii's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this data to assess the health of Hawaii's construction and home improvement industries.
Q: Are there update delays or limitations?
A: The data is published monthly, but may have a 1-2 month reporting lag.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: Building Material and Garden Equipment and Supplies Dealers in Hawaii (MSRSHI444), retrieved from FRED.