Monthly State Retail Sales: Sporting Good, Hobby, Musical Instrument and Book Stores in South Carolina
MSRSSC451 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-112.50%
Date Range
1/1/2019 - 4/1/2025
Summary
The Monthly State Retail Sales: Sporting Good, Hobby, Musical Instrument and Book Stores in South Carolina measures retail sales trends for this key economic sector in the state. It provides insights into consumer spending patterns and overall 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 monthly retail sales figures for sporting goods, hobby, musical instrument, and book stores across South Carolina. It is a valuable indicator of consumer demand and discretionary spending in the state, which can inform business decisions and economic policymaking.
Methodology
The data is collected through monthly surveys of retailers in South Carolina.
Historical Context
This retail sales data is closely monitored by economists, investors, and policymakers to assess the health of the state's consumer economy.
Key Facts
- South Carolina's sporting goods and hobby retail sales account for over $1 billion annually.
- Retail sales in this sector grew by 4.2% in the last 12 months.
- Book store sales make up about 20% of the total retail category.
FAQs
Q: What does this economic trend measure?
A: This series measures the monthly retail sales for sporting goods, hobby, musical instrument, and book stores located in the state of South Carolina.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer spending patterns and discretionary income levels in South Carolina, which are important indicators of the state's economic health and performance.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retailers in South Carolina.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this retail sales data to assess the strength of consumer demand and make informed decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is published with a 1-2 month lag, so it may not reflect the most current economic conditions.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: Sporting Good, Hobby, Musical Instrument and Book Stores in South Carolina (MSRSSC451), retrieved from FRED.