Monthly State Retail Sales: Sporting Good, Hobby, Musical Instrument and Book Stores in Arizona
MSRSAZ451 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.50
Year-over-Year Change
-133.33%
Date Range
1/1/2019 - 4/1/2025
Summary
The Monthly State Retail Sales: Sporting Good, Hobby, Musical Instrument and Book Stores in Arizona trend measures sales in this sector across the state. It provides valuable insights into consumer spending patterns and the health of the Arizona retail industry.
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 economic indicator tracks monthly retail sales for sporting goods, hobby, musical instrument, and book stores located in Arizona. It is used by economists, policymakers, and businesses to understand consumer demand and spending within this key retail category.
Methodology
The data is collected through surveys of businesses in the specified industry and geographic area.
Historical Context
Monitoring this trend helps assess the broader economic conditions and consumer confidence in Arizona.
Key Facts
- Arizona is a top state for outdoor recreation and tourism.
- Sporting goods and hobby stores account for over 10% of Arizona's retail sales.
- This sector saw sales declines during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly retail sales for sporting goods, hobby, musical instrument, and book stores located in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into consumer spending patterns and the overall health of Arizona's retail industry, which is an important part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the specified industry and geographic area.
Q: How is this trend used in economic policy?
A: Monitoring this trend helps policymakers and economists assess broader economic conditions and consumer confidence in Arizona.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be lags of several weeks between the reference period and data release.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: Sporting Good, Hobby, Musical Instrument and Book Stores in Arizona (MSRSAZ451), retrieved from FRED.