Monthly State Retail Sales: Furniture and Home Furnishings Stores in Maryland
MSRSMD442 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.80
Year-over-Year Change
-184.78%
Date Range
1/1/2019 - 4/1/2025
Summary
This economic trend measures retail sales at furniture and home furnishings stores in Maryland on a monthly basis. It provides valuable insights into consumer spending patterns and the health of the local retail sector.
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
The Monthly State Retail Sales: Furniture and Home Furnishings Stores in Maryland is a key indicator tracked by economists and policymakers to assess consumer demand and the overall performance of the state's retail industry. The data is used to analyze trends, identify market shifts, and inform economic forecasting and decision-making.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of retail establishments.
Historical Context
This trend is widely used by businesses, investors, and government agencies to monitor the strength of the Maryland economy and consumer confidence.
Key Facts
- Maryland's furniture and home furnishings retail sales account for about 5% of the state's total retail revenue.
- Sales in this sector have shown steady growth over the past decade, reflecting the strength of the local housing market.
- Seasonal fluctuations in this trend are common, with higher sales typically observed in the spring and summer months.
FAQs
Q: What does this economic trend measure?
A: The Monthly State Retail Sales: Furniture and Home Furnishings Stores in Maryland measures the total sales revenue generated by furniture and home furnishings stores located in the state on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into consumer spending patterns and the health of Maryland's retail sector, which is an important driver of the state's economy. It is closely monitored by businesses, investors, and policymakers to assess market conditions and inform economic decision-making.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through monthly surveys of retail establishments in Maryland.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and government agencies to track the performance of the Maryland economy, assess consumer confidence, and inform policy decisions related to economic development, taxation, and spending.
Q: Are there update delays or limitations?
A: The data is typically released with a 1-2 month delay, so it may not reflect the most recent market conditions. Additionally, the survey-based nature of the data collection process can result in some sampling or reporting errors.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: Furniture and Home Furnishings Stores in Maryland (MSRSMD442), retrieved from FRED.