New Hampshire residents remain optimistic about business conditions in the state and are somewhat optimistic about the national economy. A plurality of Granite Staters say their household financial condition did not change over the past year and a majority don’t expect their household financial condition to change over the next year.
These findings are based on the latest Business and Industry Association BIA Report on Consumer Confidence, conducted by the University of New Hampshire Survey Center.
New Hampshire residents’ expectations about economic conditions in the state continue to be positive. When asked how New Hampshire businesses will do over the next year, nearly half of Granite Staters (46%) think state businesses will enjoy good times financially, only 23% think they will experience bad times, and 30% anticipate mixed conditions. The percentage predicting good times financially has decreased 9 points since last year.
“Results of the BIA Consumer Confidence Report are telling. Most New Hampshire families anticipate stability in their household financial situations and feel good about the prospect of making a major purchase,” said BIA President Jim Roche. “Although there is a slight downtick in the number of those who expect to see improvements, it’s encouraging that a plurality of respondents believe employment and business conditions locally and nationally are going in the right direction. Especially in an election year, this indicates that lawmakers and policy leaders should make priorities out of initiatives that strengthen businesses and foster economic development,” said Roche.
Five hundred and thirty-four (534) randomly selected New Hampshire adults were interviewed by landline and cellular telephone between February 12 and February 18, 2016. The margin of sampling error for the survey is +/- 4.2 percent.
The full report can be found at http://bit.ly/2016BIAConfidenceReport