March 5, 2025 (Salt Lake City) – Utah’s consumer sentiment decreased 3.5% to 88.1 in February from 91.3 in January, according to the Kem C. Gardner Policy Institute’s Survey of Utah Consumer Sentiment. A similar survey conducted by the University of Michigan measured a more significant decline in sentiment among Americans as a whole during the same time (from 71.7 to 64.7, or a 9.8 % decline).

Phil Dean, chief economist at the Gardner Institute, said, “After reaching higher sentiment levels in recent months, expectations and uncertainty about family finances and business conditions drove Utah consumers to adjust their sentiment this month, making them less optimistic and aligning directionally with the nation index decline.”

Source: Kem C. Gardner Policy Institute and University of Michigan

The full results are now available online.

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