Monthly State Retail Sales: Gasoline Stations in North Dakota
MSRSND447 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.70
Year-over-Year Change
-81.72%
Date Range
1/1/2019 - 4/1/2025
Summary
The Monthly State Retail Sales: Gasoline Stations in North Dakota is an economic indicator that measures the total sales revenue generated by gasoline stations in the state. This metric provides insights into consumer spending patterns and the overall health of the North Dakota economy.
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 data series tracks the monthly sales at gasoline stations in North Dakota, which are an important component of the state's retail sector. Economists and policymakers use this information to analyze consumer behavior, monitor inflation, and assess the economic performance of the state.
Methodology
The data is collected through surveys of retail businesses and compiled by the U.S. Census Bureau.
Historical Context
The Monthly State Retail Sales data is used by government agencies, economists, and market analysts to inform economic policy decisions and investment strategies.
Key Facts
- North Dakota is a major energy-producing state in the U.S.
- Gasoline station sales account for a significant portion of the state's retail sector.
- Consumer spending at gasoline stations can be an indicator of broader economic trends in North Dakota.
FAQs
Q: What does this economic trend measure?
A: The Monthly State Retail Sales: Gasoline Stations in North Dakota measures the total sales revenue generated by gasoline stations across the state.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer spending patterns and the overall health of North Dakota's economy, which is useful for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The Monthly State Retail Sales data is used by government agencies and economists to inform economic policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the U.S. Census Bureau, which may result in some delay in the availability of the most recent information.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: Gasoline Stations in North Dakota (MSRSND447), retrieved from FRED.