Monthly State Retail Sales: Motor Vehicle and Parts Dealers in Pennsylvania
MSRSPA441 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.30
Year-over-Year Change
-20.90%
Date Range
1/1/2019 - 4/1/2025
Summary
The Monthly State Retail Sales: Motor Vehicle and Parts Dealers in Pennsylvania measures retail sales for this key economic sector in the state. It provides insight into consumer spending 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 tracks the total monthly retail sales for motor vehicle and parts dealers in Pennsylvania. It is an important indicator of consumer demand and economic conditions in the state's automotive industry.
Methodology
The data is collected through surveys of businesses and compiled by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this trend to assess the health of Pennsylvania's automotive sector and broader economic performance.
Key Facts
- Pennsylvania is the 5th largest state economy in the U.S.
- Motor vehicle and parts dealers account for over 20% of Pennsylvania's retail sales.
- This trend has been tracked since 1992.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monthly retail sales for motor vehicle and parts dealers in the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into consumer spending and economic activity in Pennsylvania's automotive industry, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health of Pennsylvania's automotive sector and broader economic performance, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is released with a 1-2 month delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Census Bureau, Monthly State Retail Sales: Motor Vehicle and Parts Dealers in Pennsylvania (MSRSPA441), retrieved from FRED.