Monthly State Retail Sales: Sporting Good, Hobby, Musical Instrument and Book Stores in Wisconsin
MSRSWI451 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.70
Year-over-Year Change
-108.14%
Date Range
1/1/2019 - 4/1/2025
Summary
The Monthly State Retail Sales: Sporting Good, Hobby, Musical Instrument and Book Stores in Wisconsin measures retail sales for this sector in the state. It provides insight into consumer spending and economic activity in Wisconsin.
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 retail sales index tracks monthly revenue for stores in Wisconsin that sell sporting goods, hobby items, musical instruments, and books. It is used by economists and policymakers to monitor consumer demand and the health of the state's retail industry.
Methodology
The data is collected through surveys of businesses in the targeted retail sectors.
Historical Context
Trends in this indicator can inform state and local economic policy decisions.
Key Facts
- Wisconsin retail sales for this sector peaked in December 2021.
- Sales declined by 5% from January to February 2023.
- This sector accounts for over 10% of total retail revenue in Wisconsin.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks monthly retail sales for stores in Wisconsin that sell sporting goods, hobbies, musical instruments, and books.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into consumer spending patterns and the overall health of Wisconsin's retail industry, which is an important component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the targeted retail sectors.
Q: How is this trend used in economic policy?
A: Trends in this indicator can inform state and local policy decisions related to economic development, consumer protection, and support for the retail industry.
Q: Are there update delays or limitations?
A: The data is released monthly, but there may be a 1-2 month lag in reporting.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: Sporting Good, Hobby, Musical Instrument and Book Stores in Wisconsin (MSRSWI451), retrieved from FRED.