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May 2013 - Volume 21, Number 2

   

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Consumer Confidence Index

 

The national Consumer Confidence Index (CCI) has continued to fall from a high of 73.1, to 59.7, driven by a sharp decline in expectations as well as current conditions. According to the CCI board, “The recent sequester has created uncertainty regarding the economic outlook and as a result, consumers are less confident.” Those stating business conditions are “bad” increased to 29.3 percent. The midwest regional RMI dipped to 56.9 from February’s 58.2. Farm incomes continue to boost the rural areas. However, a banker from Kansas said, “I still think we are on the bubble.”

 

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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