Monthly State Retail Sales: Miscellaneous Store Retailers in Rhode Island
MSRSRI453 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.40
Year-over-Year Change
-88.89%
Date Range
1/1/2019 - 4/1/2025
Summary
This economic indicator tracks monthly retail sales for miscellaneous store retailers in the state of Rhode Island. It provides insights into consumer spending patterns and the health of the local 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: Miscellaneous Store Retailers in Rhode Island metric measures the total sales volume for a specific retail category within the state. This data is used by economists and policymakers to analyze regional economic conditions and consumer behavior.
Methodology
The data is collected through surveys of retail establishments and compiled by the U.S. Census Bureau.
Historical Context
This indicator is relevant for assessing the performance of Rhode Island's retail industry and consumer demand within the state.
Key Facts
- Rhode Island is home to over 2,000 miscellaneous store retailers.
- Retail sales in this category account for approximately 10% of the state's total retail activity.
- Miscellaneous store retailers include florists, office supply stores, and other specialty shops.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks monthly retail sales for miscellaneous store retailers in the state of Rhode Island, providing insights into consumer spending patterns and the performance of this retail segment.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding regional economic conditions and consumer behavior, which can inform business decisions, economic policy, and market analysis.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess the health of Rhode Island's retail sector and consumer demand, which can inform decisions related to economic development, taxation, and other policy measures.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical release lag of 6-8 weeks. There may be limitations in capturing some smaller or informal retail operations.
Related Trends
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Personal Contributions for Social Insurance in Rhode Island
RIOSOC
Total Personal Income in Rhode Island
RIOTOT
Regional Price Parities: Services: Other: Metropolitan Portion for Rhode Island
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Gross Domestic Product: Other Services (Except Government and Government Enterprises) (81) in Rhode Island
RIOTHSERVENQGSP
Real Gross Domestic Product: Federal Civilian in Rhode Island
RIGOVFEDCIVRGSP
Citation
U.S. Federal Reserve, Monthly State Retail Sales: Miscellaneous Store Retailers in Rhode Island (MSRSRI453), retrieved from FRED.