Monthly State Retail Sales: Building Material and Garden Equipment and Supplies Dealers in Virginia
MSRSVA444 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.30
Year-over-Year Change
-137.14%
Date Range
1/1/2019 - 4/1/2025
Summary
This economic trend measures monthly retail sales by building material and garden equipment and supplies dealers in the state of Virginia. It provides insight into consumer spending and the health of the construction and home improvement industries.
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: Building Material and Garden Equipment and Supplies Dealers in Virginia series tracks the dollar value of retail sales by establishments primarily engaged in retailing new building materials, garden equipment, and supplies. This metric is used by economists and policymakers to assess demand and consumer confidence in the housing and home improvement sectors.
Methodology
The data is collected through monthly surveys of retail businesses in Virginia.
Historical Context
This retail sales metric helps inform decisions around monetary and fiscal policies that can impact the construction and home goods markets.
Key Facts
- Virginia building material and garden supply sales totaled $761 million in March 2023.
- This sector accounts for approximately 10% of total retail sales in Virginia.
- Sales in this industry have increased by 5.2% over the past 12 months.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly retail sales of building material and garden equipment and supplies dealers in the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending and the health of the construction and home improvement industries, which are important indicators of economic activity.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail businesses in Virginia.
Q: How is this trend used in economic policy?
A: This retail sales metric helps inform decisions around monetary and fiscal policies that can impact the construction and home goods markets.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of 6-8 weeks.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: Building Material and Garden Equipment and Supplies Dealers in Virginia (MSRSVA444), retrieved from FRED.