News Column

Consumer Confidence Down in North Carolina: HPU Poll

March 29, 2013

A new poll suggests that confidence in the economy is slipping in North Carolina.

The HPU Poll Consumer Sentiment Index fell to 72.0 this month from 81.9 last September. That's the lowest reading since September 2011, when the index stood at 59.9.

The index was released today by High Point University and is based on HPU Poll data.

According to the poll results, 22 percent of people expected to be worse off financially a year from now. That compares to just 9 percent in September 2012.

Another 37 percent said they expect bad business conditions across the country. That's the largest percentage since a 59 percent result in September 2011.

A majority -- 57 percent -- say that it's more likely that there will be widespread unemployment or depression rather than continuous economic growth over the next five years.

To compile the index, poll takers asks respondents five questions about their views on the U.S. economy and their personal finances. The index is based on five questions used for the Thomson Reuters/University of Michigan Surveys of Consumers.

The live telephone poll of 548 adults was conducted on March 17-21. Margin of error is 4.2 percent.

Source: (c)2013 News & Record (Greensboro, N.C.) Distributed by MCT Information Services

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