February 2013 - Volume 21, Number 1
Consumer Confidence Index
The national Consumer Confidence Index (CCI) fell significantly in December, to 65.1. According to the CCI board, “Consumers’ expectations retreated sharply in December. The sudden turnaround was most likely caused by uncertainty surrounding the oncoming fiscal cliff.” The Rural Mainstreet Index (RMI) for December continued to increase, to 60.6, the highest since June 2007, driven by “very strong agriculture commodity prices and lower energy prices.” The Iowa index was slightly higher at 63.6, reflecting increased farmland prices and equipment borrowing.
Source: Conference Board, “Consumer Confidence Survey,” and Creighton University
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