Utah consumer confidence flat during July

Consumer confidence in Utah remained relatively steady in the month of July, according to a new report.

The Zions Bank Consumer Attitude Index fell 3.1 percent to 76.7 for the month, still 10.8 points higher than the U.S. Consumer Confidence Index of 65.9 — which rose 3.2 points from last month.

The Zions Bank Wasatch Front Consumer Price Index increased slightly — up 0.5 percent from May to June. Since June 2011, the index has risen 3.3 percent while the national CPI — an aggregation of all prices throughout the nation — increased 1.7 percent.

Analysts predict that the sluggishness that has pervaded the state and U.S. economies since the beginning of the year will likely persist for the foreseeable future. Deseret News