SALT LAKE CITY — The Salt Lake Chamber, in partnership with the University of Utah’s Kem C. Gardner Policy Institute, has released the June 2025 Roadmap to Prosperity Economic Dashboard to inform business leaders’ understanding of Utah’s economy. This tool prioritizes key data on the state’s economic outlook and actionable context for decision-makers.
“As we move into summer, Utah is showing signs of optimism and growth, including year-over-year gains in airport travel as the travel season kicks off,” said Derek Miller, president and CEO of the Salt Lake Chamber. “Utah’s rising consumer sentiment, while still lower than it was at the close of 2024, signals cautious optimism as Utahns adjust to the changing economic environment. Post-pandemic new construction highs, combined with these other signs, display the resilient nature of Utah’s economy.”
Three essential insights from the June 2025 Roadmap to Prosperity Dashboard include:
- Consumer confidence rebounds, but remains below December 2024 levels. Utah’s consumer sentiment index rose 1.5% (from 81.1 in May to 82.3 in June) while the U.S. consumer sentiment increased 16.3% (from 52.2 in May to 60.7 in June). These remain 9.8% and 18.0% below their respective levels in December 2024, illustrating ongoing concerns related to uncertain U.S. trade policy, inflation expectations and global geopolitical risks.
- New construction reaches a post-pandemic high in May. Construction activity in Utah reached its highest point since March 2020, driven by a new construction build in Lehi by Texas Instruments. Non-residential construction permit value totaled about $850 million in May 2025, more than three times the value in May 2024.
- Summer travel season begins with solid passenger growth. Salt Lake International Airport recorded 2,424,843 total passengers in May 2025 – up 9.1% from April and 1.33% higher than the same period over the previous twelve months. This year-over gain signals sustained recovery in travel demand as the summer season takes off.
The Dashboard is updated monthly, providing essential insights, tracking timely and leading measures and sharing pertinent indicators. This provides leaders with critical and timely information to make informed decisions.
“Utah’s economy continues to demonstrate resilience, with consumer sentiment rebounding and new construction reaching post-pandemic highs,” said Natalie Gochnour, director of the Kem C. Gardner Policy Institute. “Summer air travel has also started strongly, showing a sustained recovery in demand. While these are positive signs, concerns such as uncertain trade policy and increased inflation expectations remain.”
To view the dashboard, click here.
MEDIA CONTACT:
Marisa Bomis | Salt Lake Chamber
Vice President, Marketing & Communication
(m) 734.732.8167 | mbomis@slchamber.com
About the Salt Lake Chamber
The Salt Lake Chamber is Utah’s largest and longest-serving business association. A statewide chamber of commerce with members in all 29 Utah counties, the Chamber represents the broad interests of the state’s 63,000- plus employers, which employ more than 1.4 million Utahns. This includes thousands of Chamber members and their employees. With roots that date back to 1887, the Chamber stands as the voice of business, supports its members’ success and champions community prosperity.
About the Kem C. Gardner Policy Institute
The Kem C. Gardner Policy Institute serves Utah by preparing economic, demographic, and public policy research that helps the state prosper. We are Utah’s demographic experts, leaders in the Utah economy, and specialists in public policy and survey research. We are an honest broker of INFORMED RESEARCH, which guides INFORMED DISCUSSIONS and leads to INFORMED DECISIONS™. For more information, please visit gardner.utah.edu or call 801-587-3717.