Monthly State Retail Sales: Miscellaneous Store Retailers in Hawaii
MSRSHI453 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-15.60
Year-over-Year Change
-156.32%
Date Range
1/1/2019 - 4/1/2025
Summary
The Monthly State Retail Sales: Miscellaneous Store Retailers in Hawaii trend measures retail sales for a diverse group of retailers in the state of Hawaii. This data is a key indicator of consumer spending and economic activity 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 trend represents monthly retail sales for a variety of stores in Hawaii that do not fit into other major retail categories, such as specialty retailers, florists, and office supply stores. Economists and policymakers use this data to analyze broader trends in Hawaii's consumer economy.
Methodology
The data is collected through monthly surveys of retail businesses in Hawaii.
Historical Context
Policymakers and analysts monitor this trend to understand the health of Hawaii's consumer-driven economy.
Key Facts
- Hawaii has a consumer-driven economy heavily reliant on tourism.
- Miscellaneous store retailers account for over 10% of Hawaii's total retail sales.
- This trend saw a steep decline during the COVID-19 pandemic due to reduced tourism.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly retail sales for a diverse group of miscellaneous retailers in the state of Hawaii, including specialty shops, florists, and office supply stores.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into consumer spending patterns and the overall health of Hawaii's consumer-driven economy, which is heavily dependent on tourism.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail businesses in Hawaii.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to understand consumer activity and make informed decisions about economic policy in Hawaii.
Q: Are there update delays or limitations?
A: There may be occasional delays in data reporting, and the trend may be affected by seasonal fluctuations in Hawaii's tourism-dependent economy.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: Miscellaneous Store Retailers in Hawaii (MSRSHI453), retrieved from FRED.