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.
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). […]
July 2023 Utah Consumer Sentiment
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 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). T
Utah’s Consumer Sentiment Steady in May
June 6, 2023 (Salt Lake City) – Utah’s consumer sentiment was essentially unchanged in May (71.0) compared to April (70.5), according to the Kem C. Gardner Institute’s Survey of Utah Consumer Sentiment. A similar survey by the University of Michigan found sentiment fell from April (63.5) to May (59.2) among Americans as a whole. […]
June 2023 Utah Consumer Sentiment
Utah’s consumer sentiment rose in June to its highest level in more than a year (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 an increase of similar magnitude among Americans as a whole (64.4).
Utah’s Consumer Sentiment Steady in April
May 3, 2023 (Salt Lake City) – Utah’s consumer sentiment held steady in April, according to the Kem C. Gardner Policy Institute’s Survey of Utah Consumer Sentiment. A similar survey by The University of Michigan found sentiment rose slightly from March (62.0) to April (63.5) among Americans as a whole. “The index was relatively unchanged for the second straight month, reflecting continued uncertainty among Utahns about the economy as they face mixed economic signals,” said Gardner Institute chief economist Phil Dean. “Negative economic signals include moderating economic growth in the U.S., higher interest rates, and the ongoing banking crisis that[...]
May 2023 Utah Consumer Sentiment
Utah’s consumer sentiment was essentially unchanged in May (71.0) compared to April (70.5), according to the Kem C. Gardner Institute’s Survey of Utah Consumer Sentiment. A similar survey by the University of Michigan found sentiment fell from April (63.5) to May (59.2) among Americans as a whole
Utah’s Consumer Sentiment Steady in March
April 10, 2023 (Salt Lake City) – Utah’s consumer sentiment was essentially unchanged in March (70.2) compared to February (70.4), according to the Kem C. Gardner Institute’s Survey of Utah Consumer Sentiment. A similar survey by The University of Michigan found sentiment fell from February (67.0) to March (62.0) among Americans as a whole. […]
April 2023 Utah Consumer Sentiment
Utah’s consumer sentiment was essentially unchanged in April (70.5) compared to March (70.2), according to the Kem C. Gardner Institute’s Survey of Utah Consumer Sentiment. A similar survey by the University of Michigan found sentiment rose slightly from March (62.0) to April (63.5) among Americans as a whole.
Utah’s Consumer Sentiment Drops in February
March 2, 2023 (Salt Lake City) – Utah’s consumer sentiment decreased from 75.6 in January to 70.4 in February, according to the Kem C. Gardner Policy Institute’s Survey of Utah Consumer Sentiment. A similar survey by the University of Michigan found sentiment rose from January (64.9) to February (67.0) among Americans as a whole. […]