Utah's consumer sentiment rose slightly in July

Utah's consumer sentiment edged up in July to its highest level since February 2022 (from 76.3 in June to 77.3 in July), according to the Kem C. Gardner Institute's Survey of Utah Consumer Sentiment. A similar survey by the University of Michigan found a larger increase among Americans as a whole (from 64.4 in June to 71.6 in July). Three of the five 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.