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Consumer confidence climbs to highest level in 15 months

Fewer Canadians anticipate a worsening domestic economy in the comingyear, suggests a Harris-Decima poll that found consumer confidence atits highest level in 15 months.

Fewer Canadians anticipate a worsening domestic economy in the coming year, suggests a Harris-Decima poll that found consumer confidence at its highest level in 15 months.

Results from the survey conducted in late May put the overall confidence index at 78.5, up from 67 last February and the highest since February 2008 when the index was at 79.

About 29 per cent of those surveyed over the last 10 days of May by Harris-Decima said they expected economic times to worsen in the coming year, compared with 59 per cent in February.

At the same time, the percentage of respondents who expected good times ahead doubled to 20 per cent in the most recent survey. About 44 per cent believed business conditions wouldn’t change over the next year.

 
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