Monthly State Retail Sales: Sporting Good, Hobby, Musical Instrument and Book Stores in Montana
MSRSMT451 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.30
Year-over-Year Change
-97.17%
Date Range
1/1/2019 - 4/1/2025
Summary
This economic trend measures monthly retail sales for sporting goods, hobby, musical instrument, and book stores in the state of Montana. It provides insights into consumer spending and economic activity in these key retail sectors.
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: Sporting Good, Hobby, Musical Instrument and Book Stores in Montana series tracks monthly sales figures for this retail category in the state. It is used by economists and policymakers to analyze consumer behavior, economic trends, and the overall health of the retail industry in Montana.
Methodology
The data is collected through surveys of businesses in the targeted retail sectors across Montana.
Historical Context
This trend is closely monitored by economists, industry analysts, and policymakers to assess the state of consumer demand and spending in Montana.
Key Facts
- Montana is a leading state for outdoor recreation and leisure activities.
- Sporting goods and hobby stores are an important part of the state's retail economy.
- This trend has shown steady growth in recent years, indicating robust consumer demand.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly retail sales for sporting goods, hobby, musical instrument, and book stores in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into consumer spending and economic activity in these key retail sectors, which are important indicators of the overall health of Montana's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the targeted retail sectors across Montana.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, industry analysts, and policymakers to assess the state of consumer demand and spending in Montana, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with some potential for minor delays in reporting.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: Sporting Good, Hobby, Musical Instrument and Book Stores in Montana (MSRSMT451), retrieved from FRED.