ECONOMY
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Consumer confidence, continued ...
The index is based on three indicators – consumer outlook on current and future economic conditions, and future spending plans. The center surveyed a stratified sample of 5,000 residences throughout the state on their sentiments in these areas, and results show that all three indicators increased in the second quarter.
The biggest spike came in the area of future outlook, which rose 19 points, from 80.1 to 99.5. That was followed by a rise in planned spending, which jumped about 10 points, from 63.3 in the first quarter to 73 this quarter. Consumer outlook on current conditions rose just short of 7 points, from 33.8 to 40.7.
“Clearly,” the report suggests, “consumers feel the brunt of recessionary forces are behind us and anticipate a turnaround in economic conditions over the next nine to 12 months.”
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Consumer confidence, continued ...
The index is based on three indicators – consumer outlook on current and future economic conditions, and future spending plans. The center surveyed a stratified sample of 5,000 residences throughout the state on their sentiments in these areas, and results show that all three indicators increased in the second quarter. The biggest spike came in the area of future outlook, which rose 19 points, from 80.1 to 99.5. That was followed by a rise in planned spending, which jumped about 10 points, from 63.3 in the first quarter to 73 this quarter. Consumer outlook on current conditions rose just short of 7 points, from 33.8 to 40.7.
“Clearly,” the report suggests, “consumers feel the brunt of recessionary forces are behind us and anticipate a turnaround in economic conditions over the next nine to 12 months.”
<< PREVIOUS PAGE
Related headlines
Orange County sees third largest percentage drop in unemployment in April
Downtown Disney makes a match with LittleMissMatched
Foothill Ranch-based C Walters Intercoastal Corp. teams with 'For Dummies'
