Mass. consumer confidence falls sharply
The Massachusetts Consumer Confidence Index posted a second-quarter reading of 67, down from a reading of 74 in the first quarter and down from a reading of 80 in the same quarter a year ago.
The index is published by Mass Insight, a Boston-based firm that organizes public-private initiatives on competitive issues affecting Massachusetts.
After two years in which Massachusetts consumers have been "significantly more confident" than the country as a whole, Massachusetts consumers have now "regressed to the national average," Mass Insight said.
The survey on which the Massachusetts Index is based is conducted for Mass Insight by Opinion Dynamics Corp. This survey consists of telephone interviews with 500 adult residents of Massachusetts. An index reading of less than 100 indicates that residents are more negative than positive, Mass Insight said.
“Uncertain times continue to undermine consumer confidence in Massachusetts. It’s hard to be an unqualified optimist with continued high unemployment, concerns over housing, and the European mess,” Mass Insight president William H. Guenther said in a statement.