SALT LAKE CITY — Utah’s consumer sentiment rose 1.4% in May, according to the Kem C. Gardner Policy Institute’s Survey of Utah Consumer Sentiment. This modest monthly change (from 80.0 in April to 81.1 in May) falls well within the survey’s margin of error. A similar survey conducted by the University of Michigan found no change in sentiment during May among Americans as a whole.
“The May increase ends three consecutive months of decline for the Utah Consumer Sentiment Index,” said Phil Dean, chief economist at the Gardner Institute. “U.S. consumer sentiment remained unchanged, as previously mentioned, ending four consecutive months of decline at the national level. This news highlights the sensitivity of consumers to U.S. trade policy, which experienced a temporary pause on tariffs of certain goods imported from China on May 12th.”
The full results are now available online.
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