Monthly State Retail Sales: Health and Personal Care Stores in Rhode Island
MSRSRI446 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.80
Year-over-Year Change
203.45%
Date Range
1/1/2019 - 4/1/2025
Summary
The 'Monthly State Retail Sales: Health and Personal Care Stores in Rhode Island' series measures retail sales for health and personal care stores in the state of Rhode Island. This data provides insights into consumer spending patterns and the overall health of the state's retail 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
This economic trend represents monthly retail sales for a specific industry segment - health and personal care stores - within the state of Rhode Island. It is an important indicator for analyzing consumer behavior, economic conditions, and the performance of the retail industry at the state level.
Methodology
The data is collected through monthly surveys of retail businesses in Rhode Island.
Historical Context
This retail sales data is used by policymakers, economists, and market analysts to assess the strength of the Rhode Island economy and consumer demand.
Key Facts
- Retail sales for health and personal care stores in Rhode Island reached a record high in 2021.
- The COVID-19 pandemic had a significant impact on retail sales in this industry segment in Rhode Island.
- Trends in Rhode Island's health and personal care store sales can provide insights into consumer behavior and healthcare access in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly retail sales for health and personal care stores located in the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer spending patterns and the overall performance of the retail industry in Rhode Island, which is useful for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail businesses in Rhode Island.
Q: How is this trend used in economic policy?
A: This retail sales data is used by policymakers and economists to assess the strength of the Rhode Island economy and consumer demand, which can inform economic policies and decision-making.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential limitations associated with monthly retail surveys conducted at the state level.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: Health and Personal Care Stores in Rhode Island (MSRSRI446), retrieved from FRED.