Utah’s Economy: Welcomed news for the commercial real estate retail sector, with retail sales improving
Finally some welcomed news for the retail sector – sales tax revenues are up 3.9 percent, a sure sign consumer spending is picking up. Furthermore, retail sales are projected to increase by 4.3 percent in 2011 followed by a 5.4 percent increase in 2012, which will push sales up to $27.8 billion. The projected $27.8 billion in sales in 2012 is roughly equivalent, in real dollars, to the retail sector’s previous peak year, 2007.
Read the entire report: Download Utah Economy April 2011