Zions Bank

File: Ocalapost.com

Utahns will have to wait to enjoy the rest of the country’s overall downward trend in gasoline prices.

AAA reports Tuesday’s national average of $3.47 per gallon is 18 cents lower than last month. Utah’s price is only 4 cents lower. Randy Shumway is the economic advisor to Zions Bank. He says aside from any major unforeseen global political or economic events, the state will follow its long history of lagging as fuel prices fall nationally.

File: Salt Lake Board of Realtors

Salt Lake County single-family home sales decreased 9 percent for the second quarter compared to the same period last year. The Salt Lake Board of Realtors reports nearly 33-hundred homes were sold in the county. That was down from a little more than 36-hundred homes last year. Angie Neldon is the current President of the Salt Lake Board of Realtors.

Bob Nelson

Utah’s Consumer Attitude Index hit an all-time high from June to July in a survey done for Zions Bank by The Cicero Group. The CAI increased 6.6 points to 104.9 during the period and has improved 19.4 points over the past four months. Randy Shumway is the Chief Executive Officer for Cicero.  He says 34 percent of Utahns surveyed believe their income is going to rise over the next twelve months.

Bob Nelson

The monthly Consumer Attitude Index from Zions Bank increased by 3.7 percent from March to April. The Wasatch Front Consumer Price Index also rose by 0.7 percent. The Cicero Group conducts the research for Zions. Cicero’s CEO Randy Shumway says while the improving attitude index is causing some concerns about inflation, the state is not close to any real problem with that. He says crossing this attitude index milestone puts the state economy on track to be running on all cylinders by the end of the year.

Andrea Smardon

Senator Orrin Hatch spoke about immigration reform in Salt Lake City Wednesday at a Zions Bank client event. He praised the 844-page comprehensive legislation put forward by the group of Senators known as the Gang of 8, but stopped short of supporting it.