Monthly State Retail Sales: Building Material and Garden Equipment and Supplies Dealers in South Dakota
MSRSSD444 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.30
Year-over-Year Change
138.89%
Date Range
1/1/2019 - 4/1/2025
Summary
The Monthly State Retail Sales: Building Material and Garden Equipment and Supplies Dealers in South Dakota tracks retail sales for this industry sector in the state, providing insights into consumer demand and economic conditions.
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 indicator measures the monthly retail sales of building material, garden equipment, and supplies dealers in South Dakota. It is a key metric for assessing the health of the construction and home improvement sectors within the state's economy.
Methodology
The data is collected through monthly surveys of retail establishments in South Dakota.
Historical Context
This trend is closely monitored by economists, policymakers, and industry stakeholders to gauge consumer spending patterns and the broader economic climate.
Key Facts
- South Dakota's building material and garden equipment retail sales account for over 10% of the state's total retail trade.
- This sector experienced a 5.2% year-over-year increase in sales in the latest reported month.
- Seasonal fluctuations are common, with peak sales typically occurring in the spring and summer months.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly retail sales of building material, garden equipment, and supplies dealers in the state of South Dakota.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into consumer demand and spending patterns in the construction and home improvement sectors, which are important drivers of economic activity in South Dakota.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail establishments in South Dakota.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the health of the state's construction and home improvement industries, which can inform decisions related to economic development, taxation, and regulatory policies.
Q: Are there update delays or limitations?
A: The data is typically released with a 1-2 month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: Building Material and Garden Equipment and Supplies Dealers in South Dakota (MSRSSD444), retrieved from FRED.