2016 Q2 Consumer Confidence
Consumer Confidence Surges on Eight-Point Gain
Index Bounces Back From First Quarter Losses; Future Ratings Fuel Rebound
The Mass Insight Consumer Confidence Index gained eight full points in the Second Quarter of 2016, with the overall score moving from 117 to 125. This reverses the four-point drop we saw in the First Quarter and re-establishes the generally positive trend we have seen for the last two years. The increase in the overall index was fueled mostly by a nine-point jump in future optimism—a sharp reversal from last Quarter. Still, optimism with current conditions also rose for the ninth straight quarter—going from 122 to 129. It should be noted that this is the fourth time surveying was conducted on-line with a representative sample of adult Massachusetts residents.