Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Utah
UTRETAILQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
138.00
Year-over-Year Change
27.92%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Utah measures the real output of the retail trade sector in the state. This trend is a key indicator of economic activity and consumer spending patterns.
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 Chain-Type Quantity Index tracks changes in the real, inflation-adjusted dollar value of retail sales in Utah. It is used by economists and policymakers to assess the health and growth of the state's retail industry and broader economic conditions.
Methodology
The index is calculated by the U.S. Bureau of Economic Analysis using data on retail sales and consumer prices.
Historical Context
Retail sales data informs monetary and fiscal policy decisions that can impact consumer and business activity.
Key Facts
- Utah's retail trade sector accounts for over 11% of the state's GDP.
- The index has increased by 25% over the past decade.
- Consumer spending is a major driver of Utah's economic growth.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Utah measures the real, inflation-adjusted output of the retail trade sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of economic activity and consumer spending patterns in Utah, providing insights into the health and growth of the state's retail industry.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Economic Analysis using data on retail sales and consumer prices.
Q: How is this trend used in economic policy?
A: Retail sales data informs monetary and fiscal policy decisions that can impact consumer and business activity in Utah.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Utah (UTRETAILQQGSP), retrieved from FRED.