Utah's consumer sentiment shows another modest increase

Utah's consumer sentiment rose by 1.5 points from December to January, increasing to 76.9, according to the Kem C. Gardner Institute's Utah Consumer Sentiment Survey. This slight increase is coming from Utahns' responses in January of feeling better off financially compared to a year ago and improvements on long-term outlooks. Even with the improvements, overall sentiment is the second-lowest on record and is not as optimistic as it was a year ago. Utahns are still concerned about inflation and the economic effects of Omicron and Delta variants.