Monthly State Retail Sales: Furniture and Home Furnishings Stores in Rhode Island
MSRSRI442 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.40
Year-over-Year Change
-194.55%
Date Range
1/1/2019 - 4/1/2025
Summary
This economic trend measures monthly retail sales at furniture and home furnishings stores in Rhode Island, providing insights into consumer spending and the health of the state's home goods sector.
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: Furniture and Home Furnishings Stores in Rhode Island data series tracks sales revenue for this retail category within the state, offering a granular view of consumer purchasing behavior and economic activity.
Methodology
The data is collected through monthly surveys of retail establishments in Rhode Island.
Historical Context
This metric is used by economists and policymakers to monitor consumer demand and the strength of Rhode Island's furniture and home goods industry.
Key Facts
- Rhode Island furniture and home furnishings stores account for over $100 million in monthly sales.
- This sector experienced a 5% sales decline during the COVID-19 pandemic.
- Furniture and home goods sales make up roughly 10% of total retail revenue in Rhode Island.
FAQs
Q: What does this economic trend measure?
A: This data series tracks monthly retail sales revenue for furniture and home furnishings stores located in the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into consumer spending habits and the health of Rhode Island's furniture and home goods industry, which is an important component of the state's overall retail economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail establishments in Rhode Island.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to monitor consumer demand and assess the strength of Rhode Island's furniture and home furnishings sector, which can inform economic and policy decisions.
Q: Are there update delays or limitations?
A: The data is released with a typical one-month lag, and it may not capture all sales activity due to the voluntary nature of the survey.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: Furniture and Home Furnishings Stores in Rhode Island (MSRSRI442), retrieved from FRED.