Monthly State Retail Sales: Health and Personal Care Stores in Virginia
MSRSVA446 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.60
Year-over-Year Change
437.50%
Date Range
1/1/2019 - 4/1/2025
Summary
This economic trend measures monthly retail sales at health and personal care stores in Virginia. It provides valuable insights into consumer spending patterns and the overall health of the state's 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: Health and Personal Care Stores in Virginia data series tracks sales at establishments primarily engaged in retailing health and personal care items, such as pharmacies, cosmetic stores, and optical goods stores. This metric is a key indicator of consumer behavior and economic activity in Virginia.
Methodology
The data is collected through surveys of retail businesses in Virginia and calculated by the U.S. Census Bureau.
Historical Context
This trend is closely monitored by policymakers, analysts, and businesses to assess the strength of Virginia's consumer-driven economy.
Key Facts
- Virginia's health and personal care store sales account for approximately 10% of the state's total retail sales.
- Sales at these stores have grown by an average of 4% annually over the past decade.
- The COVID-19 pandemic significantly impacted sales in this sector, with a 15% decline in 2020 compared to 2019.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly retail sales at health and personal care stores in the state of Virginia, including pharmacies, cosmetic stores, and optical goods stores.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into consumer spending patterns and the overall health of Virginia's retail sector, which is an important driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses in Virginia and calculated by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and businesses closely monitor this trend to assess the strength of Virginia's consumer-driven economy and make informed decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be a 1-2 month delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: Health and Personal Care Stores in Virginia (MSRSVA446), retrieved from FRED.