Retail Sales: Jewelry Stores
This dataset tracks retail sales: jewelry stores over time.
Latest Value
3086.00
Year-over-Year Change
18.37%
Date Range
1/1/1992 - 2/1/2021
Summary
The Retail Sales: Jewelry Stores trend measures monthly sales at jewelry stores in the United States. This metric provides insight into consumer spending patterns and the health of the luxury 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 Retail Sales: Jewelry Stores data tracks the total value of sales at jewelry stores on a monthly basis. It is a key indicator of consumer demand and discretionary spending, as jewelry purchases are often considered luxury purchases.
Methodology
The data is collected through surveys of retail businesses by the U.S. Census Bureau.
Historical Context
Retail sales data is closely monitored by economists, policymakers, and market analysts to assess the broader state of the economy.
Key Facts
- Jewelry stores account for over $30 billion in annual retail sales.
- Jewelry sales are considered a bellwether for discretionary consumer spending.
- The jewelry industry employs over 150,000 workers in the United States.
FAQs
Q: What does this economic trend measure?
A: The Retail Sales: Jewelry Stores trend measures monthly sales at jewelry stores in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending patterns and the health of the luxury retail sector, which is closely watched by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Retail sales data, including jewelry store sales, is closely monitored by policymakers to assess the broader state of the economy and make informed decisions.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Census Bureau, with a typical delay of around 2-3 weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Retail Sales: Jewelry Stores (MRTSSM44831USS), retrieved from FRED.