Monthly State Retail Sales: Sporting Good, Hobby, Musical Instrument and Book Stores in Virginia
MSRSVA451 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.80
Year-over-Year Change
-138.30%
Date Range
1/1/2019 - 4/1/2025
Summary
This economic trend measures monthly retail sales at sporting goods, hobby, musical instrument, and book stores in the state of Virginia. It provides insights into consumer spending patterns and the overall 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
The Monthly State Retail Sales series tracks sales at various types of retail establishments across the United States. The Sporting Good, Hobby, Musical Instrument and Book Stores in Virginia subset offers a more granular view of consumer behavior and demand for these specific product categories within the state.
Methodology
The data is collected through monthly surveys of retail businesses in Virginia.
Historical Context
Economists and policymakers use this trend to assess the strength of the Virginia retail economy and consumer confidence.
Key Facts
- Virginia's sporting goods and hobby stores account for over $500 million in annual sales.
- Retail sales in this category have grown by 3.2% in the past year.
- Book store sales make up around 20% of this retail segment in Virginia.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly retail sales at sporting goods, hobby, musical instrument, and book stores located in the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer spending patterns and the overall health of the retail sector in Virginia, which is important for economists and policymakers assessing the state's economic conditions.
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: Economists and policymakers use this trend to assess the strength of the Virginia retail economy and consumer confidence, which can inform economic and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical 1-2 month lag in availability.
Related Trends
Gross Domestic Product: Health Care and Social Assistance (62) in Virginia
VAHLTHSOCASSNQGSP
Number of Identified Exporters to Poland from Virginia
VAPOLA475SCEN
Value of Exports to Netherlands from Virginia
VANLDA052SCEN
Estimate of Median Household Income for Virginia
MHIVA51000A052NCEN
All Employees: Food Services and Drinking Places in Virginia
SMU51000007072200001A
State Government Tax Collections, Other License Taxes in Virginia
VAOTHLICTAX
Citation
U.S. Federal Reserve, Monthly State Retail Sales: Sporting Good, Hobby, Musical Instrument and Book Stores in Virginia (MSRSVA451), retrieved from FRED.