Monthly State Retail Sales: Health and Personal Care Stores in North Dakota
MSRSND446 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.60
Year-over-Year Change
-2700.00%
Date Range
1/1/2019 - 4/1/2025
Summary
The Monthly State Retail Sales: Health and Personal Care Stores in North Dakota measures monthly retail sales for health and personal care stores in the state of North Dakota. This economic indicator provides insights into consumer spending patterns and the overall health of the state's retail sector.
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 monthly retail sales series tracks the total sales revenue generated by health and personal care stores in North Dakota. It serves as a proxy for consumer demand and confidence, helping economists and policymakers assess the state's economic conditions.
Methodology
The data is collected through surveys of retail establishments in North Dakota and compiled by the U.S. Census Bureau.
Historical Context
This indicator is closely watched by state officials, retailers, and analysts to gauge consumer behavior and the performance of North Dakota's health and personal care industry.
Key Facts
- North Dakota's health and personal care retail sales account for approximately 10% of the state's total retail trade.
- Retail sales in this sector have grown by an average of 3.5% annually over the past decade.
- The COVID-19 pandemic led to a temporary decline in health and personal care retail sales in North Dakota in 2020.
FAQs
Q: What does this economic trend measure?
A: The Monthly State Retail Sales: Health and Personal Care Stores in North Dakota measures the total sales revenue generated by health and personal care stores in the state.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into consumer spending patterns and the overall health of North Dakota's retail sector, which is useful for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments in North Dakota and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: State officials, retailers, and analysts closely monitor this indicator to gauge consumer behavior and the performance of North Dakota's health and personal care industry, which informs economic policies and business strategies.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical 6-week delay between the end of the reference period and the release of the data.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: Health and Personal Care Stores in North Dakota (MSRSND446), retrieved from FRED.