May 2013 - Volume 21, Number 2
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
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