Monthly State Retail Sales: General Merchandise Stores in Rhode Island
MSRSRI452 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.50
Year-over-Year Change
-149.02%
Date Range
1/1/2019 - 4/1/2025
Summary
The 'Monthly State Retail Sales: General Merchandise Stores in Rhode Island' tracks retail sales at general merchandise stores in the state of Rhode Island. This metric serves as an indicator of consumer spending and economic activity in the region.
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 measures the total sales revenue generated by general merchandise stores, such as department stores and discount retailers, located within the state of Rhode Island. It provides insights into consumer demand and confidence, which are key factors influencing broader economic performance.
Methodology
The data is collected through monthly surveys of a sample of general merchandise retailers in Rhode Island.
Historical Context
Policymakers and analysts use this metric to assess the health of the Rhode Island retail sector and its broader economic implications.
Key Facts
- Rhode Island's general merchandise stores account for over $1 billion in annual retail sales.
- Retail sales in this sector have grown by an average of 3% per year over the past decade.
- General merchandise stores employ more than 20,000 people in Rhode Island.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total sales revenue generated by general merchandise stores, such as department stores and discount retailers, located within the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer demand and confidence, which are key factors influencing broader economic performance in the state.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of a sample of general merchandise retailers in Rhode Island.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of the Rhode Island retail sector and its broader economic implications.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical 2-month delay between the reference period and publication.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: General Merchandise Stores in Rhode Island (MSRSRI452), retrieved from FRED.