Monthly State Retail Sales: Building Material and Garden Equipment and Supplies Dealers in Minnesota
MSRSMN444 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.50
Year-over-Year Change
50.79%
Date Range
1/1/2019 - 4/1/2025
Summary
The Monthly State Retail Sales: Building Material and Garden Equipment and Supplies Dealers in Minnesota measures retail sales in this key industry in the state. It provides insights into consumer spending and economic activity.
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 retail sales trend represents monthly sales figures for building material, garden equipment, and supplies dealers in the state of Minnesota. It is a useful indicator of consumer demand and construction activity in the region.
Methodology
The data is collected through monthly surveys of retailers and businesses in the relevant industry.
Historical Context
Policymakers and analysts use this data to understand broader economic conditions and trends.
Key Facts
- Minnesota is a major hub for building material and garden equipment retail.
- This sector accounts for over 10% of total retail sales in the state.
- Sales figures are closely watched for insights into the housing market.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly retail sales for building material, garden equipment, and supplies dealers in the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into consumer spending, construction activity, and broader economic conditions in the state.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retailers and businesses in the relevant industry.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to understand trends in consumer demand, housing markets, and overall economic activity in Minnesota.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: Building Material and Garden Equipment and Supplies Dealers in Minnesota (MSRSMN444), retrieved from FRED.