Consumer Confidence Recovers, on Strength of Medium Term Economic Outlook

04.06.09 - 22:27 ... source : Investors Group

... Canadian consumer confidence reaches highest level in 15 months The overall index of consumer confidence in the economy rose in the period from February to June to 78.5, the highest the index has been since February 2008. In the United States, the index reached 68.7, a strong jump from February as well. Pessimism about the economic outlook for the coming year decreased dramatically with 29% anticipating bad times in the economy compared to 59% in February. The number who see good times ahead in the coming year doubled to 20% from the 10% recorded in February. And 44% of respondents believed business conditions wouldn’t change in the coming year. Optimism also grew strongly in terms of the five year outlook. A majority of Canadians see good times ahead in the next five years (51%) compared to 39% in February. As they have even during the most difficult times in this recession, most Canadians continue to ...» Next (HTML)