After reaching a four-year high last fall, the Massachusetts Consumer Confidence Index dropped 9 points even as national consumer confidence rose, according to a new report.
The index is published quarterly by Mass Insight Corp., a nonpartisan public policy research firm in Boston that suggested that concerns about slowing state revenues and a state budget deficit may have prompted the decline.
According to Mass Insight, the index for the first quarter was 92, down from 101 for the previous quarter; the index measured 81 for the comparable quarter a year ago.
The index is modeled on the national Conference Board Index, which is scaled to a 1985 base of 100, Mass Insight said.
The Conference Board, a private research group, said consumer confidence in January was 110.3 on its index, up from a revised 110 in December.
"After a large jump last quarter, news of slowing state revenues and a potential budget deficit again have us lagging national consumer confidence," Mass Insight president William H. Guenther said in a statement.
(By Chris Reidy, Globe staff)