Monthly State Retail Sales: Health and Personal Care Stores in Utah
MSRSUT446 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.80
Year-over-Year Change
44.44%
Date Range
1/1/2019 - 4/1/2025
Summary
The Monthly State Retail Sales: Health and Personal Care Stores in Utah metric tracks consumer spending at pharmacies, drugstores, and other health/personal care retailers within the state. This data provides insights into consumer demand and purchasing power in the healthcare and wellness sectors.
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 series measures the monthly total sales for health and personal care stores located in Utah. It is a key indicator of consumer behavior and economic activity in the state's healthcare and wellness-related industries.
Methodology
The data is collected through surveys of retail establishments and compiled by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this metric to evaluate consumer trends and the overall health of Utah's retail economy.
Key Facts
- Utah's health and personal care store sales totaled $472 million in June 2022.
- Retail sales in this sector have grown by 7.2% over the past year in Utah.
- Health and personal care stores account for 12.4% of total retail sales in the state.
FAQs
Q: What does this economic trend measure?
A: This metric tracks monthly sales at health and personal care stores, such as pharmacies and drugstores, located within the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer spending and demand in the healthcare and wellness sectors of Utah's economy, which is useful for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects the data through surveys of retail establishments in Utah.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate consumer trends and the overall health of Utah's retail economy, particularly in the healthcare and wellness industries.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of approximately 6 weeks.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: Health and Personal Care Stores in Utah (MSRSUT446), retrieved from FRED.