SALT LAKE CITY -- In May, on a seasonally adjusted basis, the Zions Bank Utah Consumer Attitude Index (CAI) fell to 70.7, a decrease of 1.1 points compared to April 2011. The national Consumer Confidence Index® (CCI), as reported by The Conference Board, showed a decrease of 4.2 points to 60.8. An index of 115 or higher is indicative of strong economic growth.
Utahns are more optimistic about current economic conditions than the rest of the nation. The CAI's Present Situation Index, a snapshot of current business conditions and employment, increased (4.2 points) to 46.9; compared to the national CCI Present Situation Index at 39.3. The Expectations Index, a proxy for consumers' expected changes in business conditions, jobs, and, personal income fell to 86.5 in Utah, a 4.8 point decrease from April. The national CCI Expectations Index decreased 4.8 points to 75.2.