Monthly State Retail Sales: Clothing and Clothing Accessories Stores in Rhode Island
MSRSRI448 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.40
Year-over-Year Change
-162.18%
Date Range
1/1/2019 - 4/1/2025
Summary
The Monthly State Retail Sales: Clothing and Clothing Accessories Stores in Rhode Island measures retail sales at clothing and accessory stores in the state. This metric is a key indicator of consumer spending and economic activity in the 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 series tracks the total sales revenue generated by clothing and accessory stores in Rhode Island on a monthly basis. It provides insights into consumer demand, shopping trends, and the health of the local retail industry.
Methodology
The data is collected through surveys of retail establishments in Rhode Island and aggregated by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this metric to assess the strength of the Rhode Island economy and consumer confidence.
Key Facts
- Rhode Island's clothing and accessory store sales totaled $92.3 million in December 2022.
- Retail sales in this sector have increased by 8.2% over the past year in Rhode Island.
- Clothing and accessory stores account for approximately 15% of total retail sales in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total sales revenue generated by clothing and accessory stores in the state of Rhode Island on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer spending patterns and the overall health of the retail sector in Rhode Island, which is an important indicator of the state's economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments in Rhode Island and aggregated 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 strength of the Rhode Island economy and consumer confidence, which can inform decisions related to economic and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be a lag of several weeks between the reference period and the publication of the latest figures.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: Clothing and Clothing Accessories Stores in Rhode Island (MSRSRI448), retrieved from FRED.