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February 2013 - Volume 21, Number 1

   

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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

 

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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