Monthly State Retail Sales: Motor Vehicle and Parts Dealers in North Carolina
MSRSNC441 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.90
Year-over-Year Change
-21.59%
Date Range
1/1/2019 - 4/1/2025
Summary
The Monthly State Retail Sales: Motor Vehicle and Parts Dealers in North Carolina tracks retail sales for this key industry in the state. This metric provides valuable insights into consumer demand and economic activity.
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 series measures monthly retail sales for North Carolina's motor vehicle and parts dealers. It is an important indicator of consumer spending and confidence, as well as the overall health of the state's auto sector.
Methodology
The data is collected through monthly surveys of retail establishments by the U.S. Census Bureau.
Historical Context
Policymakers and market analysts closely monitor this trend to gauge North Carolina's economic performance.
Key Facts
- North Carolina is a major auto manufacturing hub.
- Motor vehicle sales account for over 20% of the state's retail trade.
- This data series has been published monthly since 1992.
FAQs
Q: What does this economic trend measure?
A: This metric tracks monthly retail sales for motor vehicle and parts dealers in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: It provides important insights into consumer demand, automotive industry performance, and the overall health of North Carolina's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail establishments by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this data to monitor North Carolina's economic conditions and consumer spending patterns.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-month reporting lag.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: Motor Vehicle and Parts Dealers in North Carolina (MSRSNC441), retrieved from FRED.