SALT LAKE CITY -- In March, the Zions Bank Consumer Attitude Index decreased 4.9 points to 79.9. The U.S. Consumer Confidence Index decreased 1.4 points to 70.2, creating a 9.7 point difference between the two indexes.
In March, Utahns' confidence in the economy received a small dent as fuel prices continued to rise. Today, Utahns are paying approximately 23 percent more for regular gasoline in the state compared to just three months ago. Despite rising fuel costs, consumers' confidence toward the economy remains strong. Most importantly, consumers' attitude toward the local labor and housing markets continues to be optimistic. Most economists cite sustained confidence in the labor and housing markets as a key indicator of a healthy economic recovery.