Economic Indicators
The Gardner Institute provides economic indicators for the U.S. and Utah, publishes an economics dashboard, administers the monthly consumer sentiment survey, produces Utah Informed, and prepares the annual Economic Report to the Governor.
March 2022 Utah Consumer Sentiment
Utah’s consumer sentiment declined 10.8 points in March, decreasing to 68.0, according to the Kem C. Gardner Institute’s Survey of Utah consumers. This is the largest monthly drop since the index began in October 2020. Outlooks fell among all groups, suggesting that every Utahn feels the cost of living pinch due to rising fuel prices and inflation as well as concerns around geopolitical instability.
February 2022 Utah Consumer Sentiment
Utah’s consumer sentiment rose by 1.9 points from January to February, increasing to 78.8, according to the Kem C. Gardner Institute’s Utah Consumer Sentiment Survey. While the overall outlook increased, certain groups reported mixed views.
Ivory-Boyer Construction Report, 3rd Quarter 2021
Construction activity continued its record-breaking momentum into the third quarter of 2021. While concerns over inflation and monetary policy bring a level of uncertainty into the real estate world, Utah’s construction activity continued at a record pace.
2022 Economic Report to the Governor (Highlights)
Utah bounced back in 2021 from the pandemic recession shock. The state added a record-breaking 72,500 jobs over the year, recovering the 20,900 jobs lost in 2020 and gaining an additional 51,600 new jobs.
2022 Economic Report to the Governor
The 2022 Economic Report to the Governor is the 34th publication in this series. Through the last three decades, the Economic Report to the Governor has served as the preeminent source for data, research, and analysis about the Utah economy. It includes a national and state economic overview, a demographic overview of the state, a summary of state government economic development activities, an analysis of economic activity based on the standard indicators, and a detailed review of industries and issues of particular interest.
January 2022 Utah Consumer Sentiment
Utah’s consumer sentiment rose by 1.5 points from December to January, increasing to 76.9, according to the Kem C. Gardner Institute’s Utah Consumer Sentiment Survey. This slight increase is coming from Utahns' responses in January of feeling better off financially compared to a year ago and improvements on long-term outlooks.
December 2021 Utah Consumer Sentiment
Utah’s consumer sentiment declined by 1.5 points from November to December, decreasing to a year low of 75.4, according to the Kem C. Gardner Institute’s Utah Consumer Sentiment Survey. Utah consumer confidence has steadily declined from year highs experienced in March, as Utahns are increasingly becoming concerned about inflation and new waves of COVID variants.
November 2021 Utah Consumer Confidence
Utah’s consumer sentiment fell in November, according to the Kem C. Gardner Institute’s Utah Consumer Confidence Survey. The University of Michigan measured a similar decline among Americans as a whole
October 2021 Utah Consumer Confidence
Utah’s consumer sentiment was largely unchanged between September and October, according to the Kem C. Gardner Institute’s Utah Consumer Confidence Survey. In their survey representing Americans as a whole, the University of Michigan likewise found little change over the prior month.
Ivory-Boyer Construction Report, 2nd Quarter 2021
Construction activity continued its record-breaking momentum into the second quarter of 2021. As the economy recovered, the rebound in commercial activity added to the record-setting residential market. The total permit-authorized construction value in Utah during the first half of 2021 was $6.71 billion, an increase of 35.2% over last year and a year-to-date record.