Monthly State Retail Sales: Total Retail Sales Excluding Nonstore Retailers in Minnesota
MSRSMNTOTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.70
Year-over-Year Change
168.00%
Date Range
1/1/2019 - 4/1/2025
Summary
The Monthly State Retail Sales: Total Retail Sales Excluding Nonstore Retailers in Minnesota measures total retail sales in Minnesota, excluding online and mail-order retailers. This metric is a key indicator of consumer spending and economic activity 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
This series represents the total dollar value of retail sales transactions in Minnesota, excluding sales from nonstore retailers like e-commerce and direct mail. It is a widely followed indicator of the health of the state's consumer economy and can inform economic policy decisions.
Methodology
The data is collected through surveys of businesses by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this metric to assess the strength of Minnesota's consumer economy and make informed decisions about fiscal and monetary policies.
Key Facts
- Minnesota's retail sales account for over $100 billion annually.
- Retail sales excluding nonstore retailers make up about 80% of total retail activity in the state.
- This metric is released monthly by the U.S. Census Bureau.
FAQs
Q: What does this economic trend measure?
A: The Monthly State Retail Sales: Total Retail Sales Excluding Nonstore Retailers in Minnesota measures the total dollar value of retail sales transactions in the state, excluding online and mail-order retailers.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of consumer spending and economic activity in Minnesota, and is widely used by policymakers and analysts to assess the strength of the state's consumer economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to inform decisions about fiscal and monetary policies in Minnesota, as it provides insights into the health of the state's consumer economy.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Census Bureau, with a typical delay of around 6 weeks.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: Total Retail Sales Excluding Nonstore Retailers in Minnesota (MSRSMNTOTAL), retrieved from FRED.