Monthly State Retail Sales: Building Material and Garden Equipment and Supplies Dealers in Maine
MSRSME444 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.90
Year-over-Year Change
-51.28%
Date Range
1/1/2019 - 4/1/2025
Summary
This economic trend measures monthly retail sales for building material and garden equipment and supplies dealers in the state of Maine. It provides insights into the health and activity of the construction and home improvement sectors in the state.
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: Building Material and Garden Equipment and Supplies Dealers in Maine indicator tracks the value of sales for businesses in this industry segment across the state. It is a key metric used by economists and policymakers to monitor consumer demand and business conditions in Maine's construction and home services markets.
Methodology
The data is collected through monthly surveys of retail establishments by the U.S. Census Bureau.
Historical Context
This economic trend is widely referenced by market analysts, construction industry groups, and state economic development agencies.
Key Facts
- Maine's building material and garden equipment retail sales totaled $160 million in the latest month.
- Sales in this sector have increased by 8.2% over the past year.
- The state accounts for 1.4% of total U.S. building material and garden equipment retail sales.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks monthly retail sales for businesses in the building material and garden equipment and supplies dealers industry segment across the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into consumer demand and business conditions in Maine's construction and home services sectors, which are key drivers of economic activity in the state.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail establishments by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This indicator is widely referenced by market analysts, construction industry groups, and state economic development agencies to monitor the health of Maine's construction and home improvement markets.
Q: Are there update delays or limitations?
A: The data is published with a 1-2 month lag, so it may not reflect the most current economic conditions. The series also does not provide detailed breakdowns by product category or geographic region within Maine.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: Building Material and Garden Equipment and Supplies Dealers in Maine (MSRSME444), retrieved from FRED.