Utah's consumer sentiment fell in August

Utah's consumer sentiment fell 5.8% in August (from 77.3 in July to 71.5), according to the Kem C. Gardner Institute's Survey of Utah Consumer Sentiment. This is Utah's first statistically significant decline in sentiment since February. A similar survey by the University of Michigan found sentiment fell among Americans as a whole, though the drop was smaller than Utah's and not statistically significant. Three of the five survey components are derived from the exact same question between the two surveys, but the Gardner Institute survey asks specifically about Utah rather than the country as a whole on two questions related to business conditions.