Monthly State Retail Sales: Motor Vehicle and Parts Dealers in Utah
MSRSUT441 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.30
Year-over-Year Change
213.89%
Date Range
1/1/2019 - 4/1/2025
Summary
The Monthly State Retail Sales: Motor Vehicle and Parts Dealers in Utah trend measures retail sales by motor vehicle and parts dealers in the state of Utah. This metric provides insight into consumer demand and economic activity in a key sector of the Utah economy.
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 monthly retail sales figures for establishments primarily engaged in retailing new and used automobiles, light trucks, and parts. It is a valuable indicator of consumer spending and business investment in Utah's automotive industry.
Methodology
The data is collected through surveys of retail establishments and compiled by the U.S. Census Bureau.
Historical Context
Economists and policymakers use this metric to assess the health of Utah's consumer economy and make informed decisions.
Key Facts
- Utah is one of the fastest-growing states in the U.S.
- Motor vehicle and parts dealers are a significant part of Utah's retail economy.
- This trend is released monthly by the U.S. Census Bureau.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly retail sales by motor vehicle and parts dealers in the state of Utah. It provides insights into consumer demand and economic activity in this key sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the health of Utah's consumer economy and making informed decisions about economic policy, investment, and business strategy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess the strength of Utah's consumer economy and make informed decisions about economic policy, investment, and business strategy.
Q: Are there update delays or limitations?
A: This data is released monthly by the U.S. Census Bureau, with a typical release lag of several weeks.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: Motor Vehicle and Parts Dealers in Utah (MSRSUT441), retrieved from FRED.