May 10, 2018

CT consumer confidence survey finds mixed sentiments

Connecticut consumers' feelings about the state's economic and employment conditions are not trending strongly in either direction, according to the latest quarterly confidence survey by InformCT.

The first-quarter survey of 505 residents found that, since the fourth quarter, a greater number felt that conditions had improved over the past six months ago (21 percent, up from 16 percent), but the sentiments were similar to the 2017 first-quarter survey results.

Meanwhile, 24 percent believe the state's economy is improving, while 45 percent disagree. A year ago, that split was 29-44.

InformCT noted that more consumers in the state are reluctant to make major purchases, which is a trend that has taken hold for three consecutive quarters. More than 50 percent said they were very unlikely to purchase a car in the next six months -- the highest portion in more than a year.

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