Consumer Sentiment Survey
The Kem C. Gardner Policy Institute publishes Utah’s monthly consumer sentiment index. The index helps policymakers, businesses, and local communities understand consumers’ perspectives on present and future economic circumstances, allowing them to proactively strategize and adapt to changes. The survey questions are identical to essential questions from the University of Michigan’s national consumer sentiment survey, with additional questions specific to the state of Utah. Our monthly report on consumer sentiment includes a comparison of the Utah and U.S. indexes, along with response data for each survey question.
March 2024 Utah Consumer Sentiment
Utah’s consumer sentiment decreased by 2.9% in March (from 80.3 in January to 78.0), according to the Gardner Institute's March 2024 Survey of Utah Consumer Sentiment.
February 2024 Utah Consumer Sentiment
Utah’s consumer sentiment decreased by 1.3% in February to 80.3, according to the Kem C. Gardner Policy Institute’s Survey of Utah Consumer Sentiment.
January 2024 Utah Consumer Sentiment
Utah’s consumer sentiment rose 2.0% in January (from 79.8 in December to 81.3), according to the Kem C. Gardner Policy Institute’s Survey of Utah Consumer Sentiment. A similar survey by the University of Michigan found that sentiment rose 13.3% among Americans as a whole during the same time (from 69.7 to 79.0).
December 2023 Utah Consumer Sentiment
Utah’s consumer sentiment rose 8.4% in December (from 73.6 in November to 79.8), according to the Kem C. Gardner Policy Institute’s Survey of Utah Consumer Sentiment. A similar survey by the University of Michigan found that sentiment rose 13.7% among Americans as a whole during the same time (from 61.3 to 69.7).
November 2023 Utah Consumer Sentiment
Utah’s consumer sentiment rose 6.4% in November (from 69.1 in October to 73.6), according to the Kem C. Gardner Policy Institute’s Survey of Utah Consumer Sentiment. A similar survey by the University of Michigan found that sentiment fell 4.0% among Americans as a whole during the same time (from 63.8 to 61.3).
October 2023 Utah Consumer Sentiment
Utah’s consumer sentiment fell 9.4% in October (from 76.3 in September to 69.1), according to the Kem C. Gardner Policy Institute’s Survey of Utah Consumer Sentiment. A similar survey by the University of Michigan found that sentiment fell 6.0% among Americans as a whole during the same time. Utah Consumers appear to be uncertain about economic conditions. Relatively high interest rates and unaffordable housing have to be balanced with a labor market that remains strong.
September 2023 Utah Consumer Sentiment
Utah’s consumer sentiment rose 4.8% in September (from 71.5 in August to 76.3), according to the Kem C. Gardner Policy Institute’s Survey of Utah Consumer Sentiment. A similar survey by the University of Michigan found that sentiment slightly fell among Americans as a whole during the same time
Utah’s Consumer Sentiment Ticks up Slightly in July
August 11, 2023 (Salt Lake City) – Utah’s consumer sentiment edged up in July to its highest level since February 2022 (from 76.3 in June to 77.3 in July), according to the Kem C. Gardner Policy Institute’s Survey of Utah Consumer Sentiment. A similar survey by the University of Michigan found a larger increase among Americans as a whole (from 64.4 in June to 71.6 in July). […]
August 2023 Utah Consumer Sentiment
Utah’s consumer sentiment fell 5.8% in August (from 77.3 in July to 71.5), according to the Kem C. Gardner Institute’s Survey of Utah Consumer Sentiment. This is Utah’s first statistically significant decline in sentiment since February. A similar survey by the University of Michigan found sentiment fell among Americans as a whole, though the drop was smaller than Utah’s and not statistically significant.
Utah’s Consumer Sentiment Rises in June
July 10, 2023 (Salt Lake City) – Utah’s consumer sentiment rose in June 2023 to its highest level in more than a year (76.3, up from 71.0 in May), according to the Kem C. Gardner Policy Institute’s Survey of Utah Consumer Sentiment. A similar survey by the University of Michigan found an increase of similar magnitude among Americans as a whole (64.4 in June, up from 59.2 in May). […]