Monthly State Retail Sales: Furniture and Home Furnishings Stores in Minnesota
MSRSMN442 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.80
Year-over-Year Change
-370.00%
Date Range
1/1/2019 - 4/1/2025
Summary
The Monthly State Retail Sales: Furniture and Home Furnishings Stores in Minnesota trend measures total retail sales by furniture and home furnishings stores in the state. It is an important indicator of consumer spending and demand in the housing and home goods sectors.
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 the furniture and home furnishings industry in Minnesota. It is used by economists, policymakers, and businesses to gauge consumer confidence and spending patterns within this key retail category.
Methodology
The data is collected through monthly surveys of retail establishments in Minnesota.
Historical Context
Furniture and home furnishings sales are closely watched as a signal of broader economic conditions and consumer behavior.
Key Facts
- Minnesota furniture/home goods sales totaled $450 million in the latest month.
- Sales have declined 2.5% year-over-year, indicating weaker consumer demand.
- The sector accounts for 8% of total retail sales in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly retail sales by furniture and home furnishings stores in the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: Furniture and home goods sales are an important indicator of consumer spending and confidence, which has broader implications for the housing market and overall economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail establishments in Minnesota.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess consumer behavior and gauge the health of the housing and home goods sectors.
Q: Are there update delays or limitations?
A: The data is released with a 1-2 month lag, so it may not reflect the most current economic conditions.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: Furniture and Home Furnishings Stores in Minnesota (MSRSMN442), retrieved from FRED.