SALT LAKE CITY — Utah’s consumer sentiment fell 4.8% in July, according to the Kem C. Gardner Policy Institute’s Survey of Utah Consumer Sentiment. This decline (from 82.3 in June to 78.4 in July) is within the survey’s margin of error. A similar survey conducted by the University of Michigan reports a small increase (1.6%) in sentiment during July among Americans as a whole.
“The July result is the lowest reading of Utah consumer sentiment since September 2024,” said Phil Dean, chief economist at the Gardner Institute. “Compared to June 2025, a larger share of Utah households in July say they are worse off financially compared to a year ago, and a larger share expects to be worse off a year from now. Similarly, Utahns report less confidence in the state’s business conditions over the next several years. A plurality of Utah households believe now is not a good time to buy major household items, such as appliances.”
The full results are now available online.
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