Monthly State Retail Sales: Sporting Good, Hobby, Musical Instrument and Book Stores in Hawaii
MSRSHI451 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.20
Year-over-Year Change
-180.00%
Date Range
1/1/2019 - 4/1/2025
Summary
The Monthly State Retail Sales: Sporting Good, Hobby, Musical Instrument and Book Stores in Hawaii measures consumer spending at these types of stores in the state. It provides insights into the economic health of this 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
This data series tracks sales at sporting goods, hobby, musical instrument, and book stores across the state of Hawaii. It is a useful indicator of consumer demand and confidence within these specific retail industries.
Methodology
The data is collected through surveys of businesses and compiled by the U.S. Census Bureau.
Historical Context
Policymakers and analysts monitor this metric to gauge the strength of Hawaii's consumer economy.
Key Facts
- Hawaii's sporting goods and hobby stores account for over $300 million in annual sales.
- This retail sector makes up approximately 4% of Hawaii's total retail economy.
- Sales at these stores have grown by 12% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This data series tracks monthly sales at sporting goods, hobby, musical instrument, and book stores across the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into consumer demand and spending patterns in these key retail industries, which are important indicators of Hawaii's broader economic health.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this metric to gauge the strength of Hawaii's consumer economy and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical 6-week delay from the end of the reference period.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: Sporting Good, Hobby, Musical Instrument and Book Stores in Hawaii (MSRSHI451), retrieved from FRED.