Consumer confidence rises for fifth consecutive month
Ottawa, ON -- According to the Conference Board of Canada, its Index of Consumer Confidence climbed to 82.9 in...
Ottawa, ON — According to the Conference Board of Canada, its Index of Consumer Confidence climbed to 82.9 in July 2009 (2002 = 100), an increase of 0.8 points. This marks the fifth consecutive month of increase.
Although the increase was marginal, the index now stands 12.7 points higher than it did at the beginning of the year — perhaps indicating that consumers do indeed see a light at the end of the tunnel, the Board states.
For a second straight month, regional results were mixed. Gains were concentrated in Central Canada, while British Columbia and the Atlantic and Prairie regions registered declines.
The survey of 2,000 Canadians was conducted between July 2 and July 12, 2009, and the margin of error is plus or minus 2.2%.
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