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Consumer confidence continues to slip

Ottawa, ON -- The Conference Board of Canada's Index of Consumer Confidence dropped for a third straight month in July 2011, this time falling 1.8 points to 81.3 (2002 = 100).


Ottawa, ON — The Conference Board of Canada’s Index of Consumer Confidence dropped for a third straight month in July 2011, this time falling 1.8 points to 81.3 (2002 = 100).

Consumers continue to express uncertainty about future job prospects, despite strong job creation numbers so far this year. As well, the balance of opinion on the major purchases question has trended increasingly negative over the past year. However, responses have improved for both financial questions.

Regional index values diverged this month. Confidence levels rose in Quebec and Atlantic Canada, while they declined in Ontario and the Western provinces. This month’s survey was conducted between July 7 and July 18, and the margin of error is plus or minus 2.2%.