Monthly State Retail Sales: Furniture and Home Furnishings Stores in Maine
MSRSME442 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.40
Year-over-Year Change
-155.63%
Date Range
1/1/2019 - 4/1/2025
Summary
The Monthly State Retail Sales: Furniture and Home Furnishings Stores in Maine measures consumer spending on furniture and home goods in the state. This important economic indicator provides insights into consumer demand and can inform policy decisions.
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 furniture and home furnishings stores in the state of Maine. It is a key gauge of consumer spending and economic activity in this sector, which is a vital part of the state's economy.
Methodology
The data is collected through surveys of retail establishments by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this indicator to assess the health of Maine's consumer economy.
Key Facts
- Maine's furniture and home furnishings stores account for over $1 billion in annual sales.
- This sector employs over 5,000 people in the state.
- Sales in this industry typically peak in the fourth quarter due to holiday shopping.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks monthly retail sales at furniture and home furnishings stores in the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into consumer demand and economic activity in this important sector of Maine's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the health of Maine's consumer economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, with a delay of approximately 6 weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: Furniture and Home Furnishings Stores in Maine (MSRSME442), retrieved from FRED.