KEY TAKEAWAYS
Utah's July consumer sentiment fell 4.8% from June, marking its lowest reading since September 2024.
Gardner Institute economist Phil Dean cites international trade uncertainty, tariffs and housing prices as potential factors.
Despite the drop, Utah's economy sentiment is outperforming the national sentiment at 61.7.
SALT LAKE CITY — Utah's consumer sentiment in July hit its lowest point since September 2024, falling 4.8% from June to July, according to the Kem C. Gardner Policy Institute's latest survey.
While Gardner Institute economist Phil Dean said the decline (from 82.3 in June to 78.4 in July) is within the survey's margin of error, the latest dip could reflect a feeling of "uncertainty" consumers have.
A lot of that uncertainty, Dean said, may be related to in