Utah’s consumer sentiment fell 9.4% in October (from 76.3 in September to 69.1), according to the Kem C. Gardner Policy Institute’s Survey of Utah Consumer Sentiment. A similar survey by the University of Michigan found that sentiment fell 6.0% among Americans during the same time.
“Utah consumers appear to be uncertain about economic conditions,” said Phil Dean, Chief Economist at the Gardner Institute. “Relatively high interest rates and unaffordable housing must be balanced with a labor market that remains strong.”
The full results are now available online.
