Monthly State Retail Sales: Motor Vehicle and Parts Dealers in Illinois
MSRSIL441 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.70
Year-over-Year Change
314.29%
Date Range
1/1/2019 - 4/1/2025
Summary
The Monthly State Retail Sales: Motor Vehicle and Parts Dealers in Illinois trend measures sales activity in the motor vehicle and parts dealer industry within the state of Illinois. This data provides valuable insights into consumer spending and the economic health of the auto industry 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 figures for motor vehicle and parts dealers in Illinois. It is an important economic indicator used by policymakers, analysts, and businesses to monitor consumer demand and the performance of the auto industry in the state.
Methodology
The data is collected through monthly surveys of retail establishments in Illinois.
Historical Context
This trend is closely watched by economists and policymakers to assess the strength of the Illinois economy and consumer confidence.
Key Facts
- Illinois is the 5th largest state economy in the U.S.
- Motor vehicle and parts dealers account for over 20% of Illinois retail sales.
- This trend has shown steady growth in recent years, indicating a robust auto market in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly retail sales for motor vehicle and parts dealers in the state of Illinois. It provides insight into consumer spending and the health of the auto industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of the Illinois economy and consumer confidence. It is closely watched by policymakers, economists, and businesses to assess economic conditions and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail establishments in Illinois.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to monitor the strength of the Illinois economy and consumer spending, which informs economic policies and decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be some delays in reporting due to the survey collection process.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: Motor Vehicle and Parts Dealers in Illinois (MSRSIL441), retrieved from FRED.