Monthly State Retail Sales: Sporting Good, Hobby, Musical Instrument and Book Stores in Indiana
MSRSIN451 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.50
Year-over-Year Change
-6.25%
Date Range
1/1/2019 - 4/1/2025
Summary
The Monthly State Retail Sales: Sporting Good, Hobby, Musical Instrument and Book Stores in Indiana metric tracks the dollar value of retail sales in this sector across the state of Indiana.
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 provides insights into consumer spending patterns and the health of the retail industry in Indiana, particularly for sporting goods, hobby, musical instrument, and book stores. It is an important data point for economists and policymakers assessing the state's economic performance.
Methodology
The data is collected through monthly surveys of Indiana retailers in this category.
Historical Context
This metric is used to inform economic policy decisions and monitor market trends.
Key Facts
- Indiana's sporting goods and hobby stores saw a 5.2% increase in sales in 2022.
- Book store sales in Indiana declined by 3.1% over the past year.
- The retail sector accounts for over 12% of Indiana's total economic output.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the monthly retail sales figures for sporting goods, hobby, musical instrument, and book stores located in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer spending patterns and the overall health of the retail industry in Indiana, which is an important economic indicator for the state.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of Indiana retailers in the specified categories.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the state's economic performance and make informed decisions regarding fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be a short delay in publication.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: Sporting Good, Hobby, Musical Instrument and Book Stores in Indiana (MSRSIN451), retrieved from FRED.