Mass. Consumer Sentiment Soared In January
Consumer sentiment in Massachusetts soared more than 30 percent in January in a quarterly poll of economic conditions conducted by The MassINC Polling Group.
The group's Index of Consumer Sentiment rose from 59.6 in November to 78.4 on a 100-point scale. The index is a telephone-based survey that measures responses to five questions about current and future economic conditions in the Bay State. The survey, of 500 Massachusetts residents, was conducted from Jan. 25 through 29.
"More residents are starting to see their economic future as something to look forward to, rather than something to dread," said Steve Koczela, president of MassINC. "There is still a ways to go, but the numbers this quarter show a substantial improvement."
In the January poll, 40 percent said they expected good economic times for the country as a whole, compared to 45 percent who see bad times ahead, nearly identical to perceptions of near-term business conditions. While these ratios are still tilted slightly negative, they represent a major improvement from the 22 percent who anticipated good times when asked the same two questions in October, MassINC said.
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