The sentiment among Utah consumers continues to brighten. Utah’s consumer sentiment index increased by 2.3 percent in August, continuing the upward trend that began in the spring. The index rose from 81.1 in July to 83 in August, according to the University of Utah’s Kem C. Gardner Policy Institute Survey of Utah Consumer Sentiment. A similar survey conducted by the University of Michigan also found a 2.3 percent increase in sentiment among Americans as a whole during August — from 66.4 to 67.9.
“Consistent with other Utah economic indicators such as job growth, Utah consumer sentiment continued to increase in August,” said Phil Dean, chief economist at the Gardner Institute. “With broad-based interest rate cuts on the horizon and mortgage rates already lower than several Please log in to see the rest of this story.
