Monthly State Retail Sales: Electronics and Appliance Stores in Virginia
MSRSVA443 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.10
Year-over-Year Change
-172.41%
Date Range
1/1/2019 - 4/1/2025
Summary
The Monthly State Retail Sales: Electronics and Appliance Stores in Virginia metric tracks consumer spending at electronics and appliance stores across the state. This key economic indicator provides insight into trends in consumer demand and the health of the 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 series measures the monthly total sales in millions of dollars for electronics and appliance stores in the state of Virginia. It is a valuable gauge of consumer behavior and confidence, as spending on discretionary items like electronics and appliances is often seen as a leading indicator of broader economic conditions.
Methodology
The data is collected through monthly surveys of retail establishments in Virginia.
Historical Context
Economists and policymakers monitor this trend to assess the strength of consumer spending and the overall retail environment.
Key Facts
- Virginia's electronics and appliance stores generated over $300 million in monthly sales in 2022.
- Retail sales in this sector have grown by 5% annually over the past 3 years.
- The state's electronics and appliance stores account for 12% of total retail sales in Virginia.
FAQs
Q: What does this economic trend measure?
A: This metric tracks monthly sales at electronics and appliance stores throughout the state of Virginia, providing insights into consumer spending patterns in this retail category.
Q: Why is this trend relevant for users or analysts?
A: As a measure of discretionary consumer spending, this trend offers valuable insights into the health of the retail sector and broader economic conditions in Virginia.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail establishments in Virginia.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the strength of consumer spending and the overall retail environment, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical 6-week 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: Electronics and Appliance Stores in Virginia (MSRSVA443), retrieved from FRED.