It looks like Nova Scotians are feeling somewhat chilly towards the provincial economy – both now and in the future.
A new survey by Thinkwell Survey released yesterday says less than one in three Nova Scotians (31 per cent) believe the provincial economy will get stronger over the next six months, down nine points from September. Ten per cent of those surveyed believe it will actually get weaker, resulting in a net confidence score (stronger minus weaker) of plus-21, down eight points from September.
As for the current condition of the provincial economy, only one per cent says its excellent and 33 per cent good, down six points from September. At the other end of the spectrum, 50 per cent describe the current condition of the economy as not so good and 14 per cent poor. When combined, the total is up six points from the last survey.
“Whether or not this will place a damper on holiday shopping in the province remains to be seen,” Len Preeper, President of Thinkwell Research, said in a release.
The survey, conducted between Nov. 27 and Nov. 30, saw 401 adult Nova Scotians surveyed. It carries a margin of error of 4.9 percentage points, or 19 times out of 20.