May 2012 - Volume 20, Number 2
Consumer Confidence Index
The national Consumer Confidence Index (CCI) decreased slightly in March, to 70.2. Consumers remained more pessimistic, 32.7 percent saying business conditions were “bad.” The same was true for perceptions of the job market, with 9.4 percent considering jobs “plentiful,” but vastly more, 41 percent, saying jobs were “hard to get.” The Rural Mainstreet Index for Iowa remained at 59.6 in March. According to Jim Eckert, president of Anchor State Bank in Anchor, Ill., “Farmers and local businesses are reluctant to expand due to high fuel costs, increasing regulations, and the uncertain economic situation.”
Source: Conference Board, “Consumer Confidence Survey,” and Creighton University
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