Monthly State Retail Sales: Motor Vehicle and Parts Dealers in Alabama
MSRSAL441 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.70
Year-over-Year Change
737.50%
Date Range
1/1/2019 - 4/1/2025
Summary
The Monthly State Retail Sales: Motor Vehicle and Parts Dealers in Alabama measures retail sales activity for this industry sector in the state. It provides valuable 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 series tracks monthly retail sales for motor vehicle and parts dealers in Alabama. It is an important indicator of consumer spending and confidence, as well as broader economic trends in the state.
Methodology
The data is collected through surveys of retail businesses and calculated by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this data to monitor the health of Alabama's automotive industry and consumer economy.
Key Facts
- Alabama accounts for over 3% of U.S. motor vehicle and parts sales.
- Retail sales in this sector have grown by 20% in the past 5 years.
- Motor vehicle dealers make up the largest share of Alabama's retail economy.
FAQs
Q: What does this economic trend measure?
A: This series measures monthly retail sales for motor vehicle and parts dealers in the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into consumer demand and confidence in Alabama's automotive industry, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses and calculated by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to monitor the health of Alabama's consumer economy and make informed decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 6-week lag between the reference period and publication.
Related Trends
Real Gross Domestic Product: Support Activities for Mining (213) in Alabama
ALSAMINRGSP
Real Gross Domestic Product: Private Industries in Alabama
ALPIRQGSP
State Government Tax Collections, Occupation and Business Licenses in Alabama
ALBUSLICTAX
State Government Tax Collections, Total Sales and Gross Receipts Taxes in Alabama
ALSLGRTAX
Information Earnings in Alabama
ALEINF
Chain-Type Quantity Index for Real GDP: Mining, Quarrying, and Oil and Gas Extraction (21) in Alabama
ALMINQQGSP
Citation
U.S. Federal Reserve, Monthly State Retail Sales: Motor Vehicle and Parts Dealers in Alabama (MSRSAL441), retrieved from FRED.