Consumers becoming more confident
by NewsHound on 25/07/09 at 11:45 am
Consumer confidence edged slightly higher in Canada in July, according to a survey by the Conference Board of Canada.
More importantly, confidence didn’t go down. The July increase, while small, was the fifth month in a row for a rise, from the worrisome depths reached last winter.
The Conference Board’s index climbed a marginal 0.8 points to 82.9 – a level that is 12.7 points higher than at the start of the year when the recession was at its worst in Canada. The index was set at 100 in 2002.
The increase this year “perhaps [indicates] that consumers do indeed see a light at the end of the tunnel,” the Conference Board said in a press release.
Still, confidence is much lower than the levels near 100 reached last summer. And respondents had mixed feelings about their prosperity.
Recent Comments