Monthly State Retail Sales: Health and Personal Care Stores in Massachusetts
MSRSMA446 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.30
Year-over-Year Change
158.33%
Date Range
1/1/2019 - 4/1/2025
Summary
The Monthly State Retail Sales: Health and Personal Care Stores in Massachusetts series measures retail sales at health and personal care stores in the state of Massachusetts. This metric is a key indicator of consumer spending and economic activity in the state's healthcare and wellness sectors.
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 at health and personal care stores in Massachusetts, including pharmacies, drug stores, and other establishments that sell health and beauty products. It provides insight into consumer demand and purchasing patterns for healthcare-related goods and services in the state.
Methodology
The data is collected through monthly surveys of retail establishments in Massachusetts.
Historical Context
This economic indicator is closely monitored by policymakers, businesses, and economists to assess the overall health of the state's consumer economy.
Key Facts
- Massachusetts is the 15th largest state by population.
- Health and personal care stores account for over 10% of total retail sales in Massachusetts.
- Retail sales at these stores have grown by 20% in the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This series measures monthly retail sales at health and personal care stores in the state of Massachusetts, including pharmacies, drug stores, and other establishments that sell healthcare-related goods and services.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into consumer demand and spending patterns in the healthcare and wellness sectors of the Massachusetts economy, which is crucial for businesses, policymakers, and economists to monitor.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail establishments in Massachusetts.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the overall health of the Massachusetts consumer economy and make informed decisions about economic and healthcare policies.
Q: Are there update delays or limitations?
A: This data is published on a monthly basis, with a typical delay of 4-6 weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: Health and Personal Care Stores in Massachusetts (MSRSMA446), retrieved from FRED.