MSU: Consumer confidence jumps 10 percent in 4Q of 2011
From the third quarter to the fourth quarter of 2011, Mississippians’ consumer confidence jumped 10 percent.
That’s what jumped out of the latest edition of “Economy Watch,” a survey published by Mississippi State’s College of Business. The college conducted, it says, more than 500 phone surveys to arrive at its conclusion.
The findings echo what state economist Dr. Darrin Webb told lawmakers recently: that the state’s economy improved the last quarter of 2011, but the overall pace of recovery would likely slow to a crawl this year. Getting back to pre-recession levels of employment is going to take another few years, Webb said.
The Mississippi Index of Consumer Sentiment, “Economy Watch” tell us, is made up of two factors: how folks feel about current economic conditions and how they think future conditions will go. The reading at the end of 2011, 89.2, is the highest since 2007. The college considers a MICS reading of 90 to be the benchmark of a healthy economy.
To see the entire survey results, click here.