Utah consumers are really feeling confident about economic conditions in the state. In fact, according to Zions Bank Utah Consumer Attitude Index (CAI) released last week, they’ve never felt better.
The CAI increased 8.9 points in October to 125.4, the highest level ever recorded in Utah. Consumer confidence in Utah has registered above 110 since June last year, indicating that Utahns continue to be very optimistic about current economic conditions within the state, as well as optimistic about the economy’s future trajectory.
The overall Utah CAI currently sits 13.6 points higher than its level 12 months ago. By comparison, the national Consumer Confidence Index increased 5.3 points to 125.9 in October and is 25.1 points higher than it was at this same time last year.