Monthly State Retail Sales: Miscellaneous Store Retailers in Maine
MSRSME453 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.70
Year-over-Year Change
-82.30%
Date Range
1/1/2019 - 4/1/2025
Summary
This economic trend measures monthly retail sales for miscellaneous store retailers in the state of Maine. It provides insights into consumer spending patterns and can inform economic 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
The Monthly State Retail Sales: Miscellaneous Store Retailers in Maine series tracks the total value of monthly retail sales for a variety of stores, including florists, office supply stores, and gift shops. This data is used by economists and policymakers to analyze consumer behavior and gauge the health of the Maine economy.
Methodology
The data is collected through monthly surveys of retail businesses in Maine.
Historical Context
Retail sales figures are closely monitored by government agencies and market analysts to assess the broader economic conditions.
Key Facts
- Maine's miscellaneous store retailers account for over 10% of the state's total retail sales.
- Retail sales in this sector have grown by an average of 3% annually over the past decade.
- The data is released with a 2-month lag by the U.S. Census Bureau.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly retail sales of miscellaneous store retailers in the state of Maine, including florists, office supply stores, and gift shops.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer spending patterns and the overall health of Maine's retail sector, which is an important component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail businesses in Maine conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Retail sales figures are closely monitored by government agencies and market analysts to assess broader economic conditions and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released with a 2-month lag by the U.S. Census Bureau.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: Miscellaneous Store Retailers in Maine (MSRSME453), retrieved from FRED.