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August 2012 - Volume 20, Number 3

   

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Consumer Confidence Index

Consumer Confidence Index

 

The national Consumer Confidence Index (CCI) continued to decrease through June, reaching 62 down from 71.6 in February. According to the CCI board, “Income expectations, which had improved last month, declined in June.” As a result, spending is expected to be “restrained in the short-term.” The Rural Mainstreet Index (RMI) for the region fell to 56.7, and in Iowa to 56.1 in June. According to RMI creator Ernie Goss, “The global economic slowdown combined with a stronger U.S. dollar has pushed agriculture and energy prices lower. This is weakening overall growth for the Rural Mainstreet economy.”

 

Source: Conference Board, “Consumer Confidence Survey,” and Creighton University

 

IOWA ECONOMIC SCORECARD is our quarterly economic forecast, arriving in February, May, August,
and November. It consists of statistics about and analysis of the Iowa economy.

 

IOWA ECONOMIC SCORECARD is published by Public Interest Institute at Iowa Wesleyan College, a
nonpartisan, nonprofit, research and educational institute whose activities are supported by contributions from private individuals, corporations, companies, and foundations. The Institute does not accept government grants.

 

Contributions are tax-deductible under sections 501(c)(3) and 170 of the Internal Revenue Code.

 

Permission to reprint or copy in whole or part is granted, provided a version of this credit line is used: “Reprinted by permission from IOWA ECONOMIC SCORECARD, a quarterly newsletter of Public Interest Institute.” The views expressed in this publication are not necessarily those of Public Interest Institute. They are brought to you in the interest of a better-informed citizenry because IDEAS DO MATTER.

 

   

 

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