Monthly State Retail Sales: Food and Beverage Stores in North Dakota
MSRSND445 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.20
Year-over-Year Change
-175.36%
Date Range
1/1/2019 - 4/1/2025
Summary
The Monthly State Retail Sales: Food and Beverage Stores in North Dakota measures consumer spending at food and beverage retailers in the state. This data provides insight into the health of North Dakota's 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 series tracks monthly retail sales in North Dakota for establishments primarily engaged in retailing food and beverages, including grocery stores, specialty food stores, and liquor stores. It is a key indicator of consumer spending and economic activity in the state.
Methodology
The data is collected through surveys of retail businesses in North Dakota and aggregated by the U.S. Census Bureau.
Historical Context
Economists and policymakers use this data to monitor consumer confidence and spending patterns in North Dakota's markets.
Key Facts
- North Dakota food and beverage store sales account for over 20% of the state's total retail revenue.
- Retail spending at North Dakota food and beverage stores has grown by an average of 3.5% annually over the past decade.
- Consumer demand at North Dakota's grocery and liquor stores is highly seasonal, with peaks around major holidays.
FAQs
Q: What does this economic trend measure?
A: This series tracks monthly retail sales for food and beverage stores in the state of North Dakota, providing insight into consumer spending in this key sector.
Q: Why is this trend relevant for users or analysts?
A: Monitoring North Dakota's food and beverage store sales is important for understanding the health of the state's retail industry and consumer demand.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses in North Dakota and aggregated by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to track consumer confidence and spending patterns in North Dakota's markets, which informs decisions around economic and fiscal policy.
Q: Are there update delays or limitations?
A: This data is released on a monthly basis, but may have a 1-2 month lag in availability due to the time required for data collection and aggregation.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: Food and Beverage Stores in North Dakota (MSRSND445), retrieved from FRED.