Monthly State Retail Sales: Sporting Good, Hobby, Musical Instrument and Book Stores in Minnesota
MSRSMN451 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.30
Year-over-Year Change
-85.56%
Date Range
1/1/2019 - 4/1/2025
Summary
The Monthly State Retail Sales: Sporting Good, Hobby, Musical Instrument and Book Stores in Minnesota trend measures consumer spending at these types of retailers in the state. It provides insights into the health of this key retail sector and consumer demand.
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 retail sales figures for sporting goods, hobby, musical instrument, and book stores located in Minnesota. It is a valuable data point for understanding consumer behavior and the broader state economy.
Methodology
The data is collected through monthly surveys of retailers in Minnesota.
Historical Context
Policymakers and analysts use this trend to assess the vitality of a critical consumer-facing industry.
Key Facts
- Minnesota has over 2,000 sporting goods, hobby, and book stores.
- Retail sales in this sector account for over $2 billion annually in the state.
- Trends in this data can signal changes in consumer confidence and discretionary spending.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly retail sales figures for sporting goods, hobby, musical instrument, and book stores located in the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer demand and the health of an important retail sector in the Minnesota economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retailers in Minnesota.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the vitality of a critical consumer-facing industry and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically a few weeks after the end of each month.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: Sporting Good, Hobby, Musical Instrument and Book Stores in Minnesota (MSRSMN451), retrieved from FRED.