Monthly State Retail Sales: Sporting Good, Hobby, Musical Instrument and Book Stores in Mississippi
MSRSMS451 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.10
Year-over-Year Change
-137.96%
Date Range
1/1/2019 - 4/1/2025
Summary
The Monthly State Retail Sales: Sporting Good, Hobby, Musical Instrument and Book Stores in Mississippi measures the sales of these types of stores in the state. It provides valuable insight into consumer spending patterns and can inform economic policymaking.
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 economic indicator tracks the monthly retail sales for a specific subset of stores in Mississippi, including sporting goods, hobby, musical instrument, and book stores. It is useful for analyzing consumer behavior, industry trends, and the overall health of the state's economy.
Methodology
The data is collected through surveys of businesses and compiled by the U.S. Census Bureau.
Historical Context
Policymakers and market analysts use this data to assess the strength of the state's retail sector and consumer demand.
Key Facts
- Mississippi's sporting goods, hobby, musical instrument, and book stores account for over $200 million in annual retail sales.
- Retail sales in this sector have grown by 5% over the past year in Mississippi.
- The state's sporting goods and hobby stores make up the largest share of this retail category.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the monthly retail sales for sporting goods, hobby, musical instrument, and book stores in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into consumer spending patterns and the overall health of Mississippi's retail sector, which is useful for economic policymaking and market analysis.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this data to assess the strength of Mississippi's retail industry and consumer demand in the state.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be a 1-2 month delay in the most recent figures being available.
Related Trends
State Government Tax Collections, Total Taxes in Mississippi
MSTOTLTAX
All Employees: Financial Activities: Finance and Insurance in Mississippi
SMS28000005552000001
Industrial Carbon Dioxide Emissions, Motor Gasoline for Mississippi
EMISSCO2VMGICBMSA
All Employees: Retail Trade: Food and Beverage Stores in Mississippi
SMU28000004244500001A
All Employees: Mining and Logging in Mississippi
SMS28000001000000001
Employed Involuntary Part-Time for Mississippi
INVOLPTEMPMS
Citation
U.S. Federal Reserve, Monthly State Retail Sales: Sporting Good, Hobby, Musical Instrument and Book Stores in Mississippi (MSRSMS451), retrieved from FRED.