Monthly State Retail Sales: General Merchandise Stores in Pennsylvania
MSRSPA452 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.30
Year-over-Year Change
-573.08%
Date Range
1/1/2019 - 4/1/2025
Summary
The Monthly State Retail Sales: General Merchandise Stores in Pennsylvania measure sales activity at general merchandise stores in the state. This key indicator provides insights into consumer spending and the health of Pennsylvania'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 economic trend represents retail sales at general merchandise stores, which include department stores, discount stores, and warehouse clubs. It is a valuable indicator of consumer demand and confidence within Pennsylvania's economy.
Methodology
The data is collected through monthly surveys of retail businesses in Pennsylvania.
Historical Context
Policymakers and analysts use this trend to assess the state's economic performance and consumer spending patterns.
Key Facts
- Pennsylvania's general merchandise store sales account for a significant portion of the state's overall retail activity.
- This trend has shown steady growth over the past decade, reflecting the state's robust consumer demand.
- Fluctuations in this indicator can signal changes in consumer confidence and the broader economic conditions in Pennsylvania.
FAQs
Q: What does this economic trend measure?
A: The Monthly State Retail Sales: General Merchandise Stores in Pennsylvania measure the sales activity at general merchandise stores, such as department stores and discount retailers, located within the state.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into consumer spending and the overall health of Pennsylvania's retail sector, which is a crucial component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail businesses in Pennsylvania.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the state's economic performance and consumer spending patterns, which can inform policy decisions and market strategies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of a few weeks from the end of the reporting period.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: General Merchandise Stores in Pennsylvania (MSRSPA452), retrieved from FRED.