Monthly State Retail Sales: Sporting Good, Hobby, Musical Instrument and Book Stores in Illinois
MSRSIL451 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.30
Year-over-Year Change
-95.08%
Date Range
1/1/2019 - 4/1/2025
Summary
The Monthly State Retail Sales: Sporting Good, Hobby, Musical Instrument and Book Stores in Illinois measures the total retail sales in this sector across the state. It provides valuable insights into consumer spending and economic activity in Illinois.
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 data series tracks the total sales revenue generated by sporting goods, hobby, musical instrument, and book stores located in Illinois. It is a key indicator of consumer demand and overall economic health in the state.
Methodology
The data is collected through surveys of businesses in the specified retail sectors and geographic region.
Historical Context
Policymakers and economists analyze this data to understand Illinois' consumer spending patterns and their implications for the state's economy.
Key Facts
- Illinois is one of the top 10 states by retail sales revenue.
- Sales in the sporting goods and hobby sector account for over 5% of Illinois' total retail sales.
- Retail sales data is released with a 2-month lag.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total retail sales revenue generated by sporting goods, hobby, musical instrument, and book stores located in the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into consumer spending patterns and the overall health of Illinois' economy, which is crucial information for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the specified retail sectors and geographic region.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this data to understand Illinois' consumer spending patterns and their implications for the state's economy, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The retail sales data is released with a 2-month lag, meaning the most recent month's figures may not be available.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: Sporting Good, Hobby, Musical Instrument and Book Stores in Illinois (MSRSIL451), retrieved from FRED.