Monthly State Retail Sales: Sporting Good, Hobby, Musical Instrument and Book Stores in North Dakota
MSRSND451 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.20
Year-over-Year Change
-572.73%
Date Range
1/1/2019 - 4/1/2025
Summary
This data series measures monthly retail sales for sporting goods, hobby, musical instrument, and book stores in the state of North Dakota. It provides valuable insights into consumer spending patterns and economic activity in this key 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
The Monthly State Retail Sales data tracks sales performance for various retail industries across the United States. The Sporting Good, Hobby, Musical Instrument and Book Stores industry segment is an important indicator of discretionary consumer spending and can help economists and policymakers assess the health of the broader North Dakota economy.
Methodology
The data is collected through monthly surveys of retail establishments in North Dakota.
Historical Context
This retail sales information is widely used by businesses, analysts, and policymakers to inform investment, planning, and economic policy decisions.
Key Facts
- North Dakota has over 300 sporting goods, hobby, and book stores.
- Retail sales in this sector account for over $500 million annually in North Dakota.
- Sales in this industry tend to be seasonal, with peaks around holidays and summer months.
FAQs
Q: What does this economic trend measure?
A: This data series measures monthly retail sales for sporting goods, hobby, musical instrument, and book stores in the state of North Dakota.
Q: Why is this trend relevant for users or analysts?
A: This retail sales data provides valuable insights into consumer spending patterns and the overall health of the North Dakota economy, particularly in the discretionary goods sector.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail establishments in North Dakota.
Q: How is this trend used in economic policy?
A: This retail sales information is widely used by businesses, analysts, and policymakers to inform investment, planning, and economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be some delays in reporting due to the survey collection process.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: Sporting Good, Hobby, Musical Instrument and Book Stores in North Dakota (MSRSND451), retrieved from FRED.