Monthly State Retail Sales: Furniture and Home Furnishings Stores in Virginia
MSRSVA442 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.60
Year-over-Year Change
-159.57%
Date Range
1/1/2019 - 4/1/2025
Summary
The 'Monthly State Retail Sales: Furniture and Home Furnishings Stores in Virginia' series measures the total retail sales of furniture and home furnishings stores in the state of Virginia. This metric is a key indicator of consumer spending and economic activity in the 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
This series tracks the monthly retail sales figures for furniture and home furnishings stores located in the state of Virginia. The data is compiled by the U.S. Census Bureau and provides insights into consumer demand and purchasing patterns for these types of products at the state level.
Methodology
The data is collected through monthly surveys of retail establishments in Virginia.
Historical Context
Analysts and policymakers monitor this trend to gauge the health of the home goods industry and broader consumer spending within the state.
Key Facts
- Virginia furniture and home furnishings stores generate over $1 billion in annual retail sales.
- Retail sales in this sector have grown by 3.5% on average over the past 5 years.
- The home goods industry accounts for approximately 8% of total retail sales in Virginia.
FAQs
Q: What does this economic trend measure?
A: This series measures the total monthly retail sales of furniture and home furnishings stores located in the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into consumer spending and demand for home goods products within the state, which is a key indicator of economic activity and consumer confidence.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail establishments in Virginia conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to gauge the health of the home goods industry and broader consumer spending patterns, which can inform decisions around fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The data is released with a 1-2 month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: Furniture and Home Furnishings Stores in Virginia (MSRSVA442), retrieved from FRED.