Monthly State Retail Sales: Electronics and Appliance Stores in Rhode Island
MSRSRI443 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.70
Year-over-Year Change
-562.50%
Date Range
1/1/2019 - 4/1/2025
Summary
The Monthly State Retail Sales: Electronics and Appliance Stores in Rhode Island measures retail sales for this sector in the state. It provides valuable insights 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 economic trend tracks monthly retail sales for electronics and appliance stores in the state of Rhode Island. It is an important indicator of consumer demand and discretionary spending in this key industry, which can inform economic analysis and policy decisions.
Methodology
The data is collected through surveys of retail businesses in Rhode Island and calculated by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this metric to assess the health of Rhode Island's consumer economy and make informed decisions.
Key Facts
- Rhode Island's electronics and appliance stores account for over $100 million in monthly retail sales.
- Retail sales in this sector have increased by 5% in the past year.
- Consumer spending on electronics and appliances makes up 12% of total retail activity in Rhode Island.
FAQs
Q: What does this economic trend measure?
A: This metric tracks monthly retail sales for electronics and appliance stores located in the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: It provides valuable insights into consumer demand and discretionary spending in this key industry, which can inform economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses in Rhode Island and calculated by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of Rhode Island's consumer economy and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 6-week delay, and may be subject to revisions.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: Electronics and Appliance Stores in Rhode Island (MSRSRI443), retrieved from FRED.