Quantcast
Get breaking news alerts via email

Click here to manage your alerts
(Al Hartmann | The Salt Lake Tribune) Scott Anderson, President and CEO of Zions Bank.
Consumer confidence picking up steam in Utah
Attitude index » Zions Bank’s measurements put confidence level at an all-time high.
First Published Jul 29 2014 03:52 pm • Last Updated Jul 29 2014 04:32 pm

Consumer confidence in Utah is as high as it’s been in the three years Zions Bank has been keeping track.

The bank’s Utah Consumer Attitude Index went up 6.6 points between June and July, reaching an all-time high of 104.9. The national confidence level also jumped this month, by 4.5 points, but remained far behind Utah at 90.9.

Join the Discussion
Post a Comment

"Improvements in the labor market have had a significant positive impact on the health of Utah’s economy," said Zions Bank President and CEO Scott Anderson.

"Businesses continue to relocate to and expand in Utah," he added. "We expect tremendous benefits, now and in the years to come, as more and more businesses take advantage of the remarkable resources Utah has to offer."

Over the past year, Utah’s index has gained 19.4 points.

The index offers insights on public expectations.

For instance, more Utahns are optimistic the economy will improve in the next year. Only 21 percent thought that way in June, Anderson said, but in July, 25 percent did.

Similarly, while 78 percent of Utahns think gasoline prices will rise over the next year, 83 percent thought so the month before. There isn’t as much confidence, however, that home prices will go up. That index component fell from 64 percent in June to 61 percent this month.

In terms of inflation, 24 percent of Utahns expect their household income to grow faster than the cost of living, equal to the previous month’s expectations.

Fewer Utahns are dissatisfied with the performance of the federal government. Its disapproval rating slipped from 61 percent in June to 57 percent in July, Anderson noted. And only 12 percent of respondents disliked the state’s economic policy, down from 14 percent a month earlier.


story continues below
story continues below

mikeg@sltrib.com



Copyright 2014 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Top Reader Comments Read All Comments Post a Comment
Click here to read all comments   Click here to post a comment


About Reader Comments


Reader comments on sltrib.com are the opinions of the writer, not The Salt Lake Tribune. We will delete comments containing obscenities, personal attacks and inappropriate or offensive remarks. Flagrant or repeat violators will be banned. If you see an objectionable comment, please alert us by clicking the arrow on the upper right side of the comment and selecting "Flag comment as inappropriate". If you've recently registered with Disqus or aren't seeing your comments immediately, you may need to verify your email address. To do so, visit disqus.com/account.
See more about comments here.
Staying Connected
Videos
Jobs
Contests and Promotions
  • Search Obituaries
  • Place an Obituary

  • Search Cars
  • Search Homes
  • Search Jobs
  • Search Marketplace
  • Search Legal Notices

  • Other Services
  • Advertise With Us
  • Subscribe to the Newspaper
  • Access your e-Edition
  • Frequently Asked Questions
  • Contact a newsroom staff member
  • Access the Trib Archives
  • Privacy Policy
  • Missing your paper? Need to place your paper on vacation hold? For this and any other subscription related needs, click here or call 801.204.6100.