January 11, 2012 More Positive News from Our Economic “Stop Lights”
Things continue to improve for Utah’s economy according to ULCT economist Doug Macdonald. None of our economic indicators are in the red and the most improved indicators since our November report were:
1) Residential construction year-to-date, which was flat and is now up 3.4% (the light color changed from yellow to green)
2) U.S. consumer sentiment index, which had risen from the mid-50s to 60.9 in October, is now up to 69.9 in December (this light was changed from red to yellow)
3) Statewide local sales tax for the past three months were up 6 percent in our November report, are now up almost 8%.