Anchorage Consumer Optimism Index up from 2011
Third-quarter results of the Anchorage Consumer Optimism Index (ANCi), released Thursday by the Anchorage Economic Development Corp., show Anchorage consumers remain more confident in the health of the city’s economy, their personal financial situation, and their expectations for the future than they were in 2011.
Sponsored exclusively by KeyBank, the ANCi is produced by Northern Economics, Inc. on behalf of AEDC and samples more than 350 households in the Municipality of Anchorage. According to the survey, consumer confidence fell slightly from 58.4 in the second quarter to 57.6 in the third, which is still higher than the 2011 ANCi results during the same period. The index is comprised of three components: Local Economy Confidence, Personal Financial Confidence and Expectations for the Future. Compared with the previous two years’ third quarters, the individual component numbers scored higher, breaking from theU.S. pattern of lower optimism among U.S. residents in the second and thirdquarters of the past three years.
Of the three components surveyed, the Personal Financial Confidence component showed the highest improvement, with an increase of one point, from 64.2 to 65.2 – a promising outlook for local retailers this holiday season. The Local Economy Confidence is the least volatile component and experienced the greatest drop of nearly two points. This component still remains above the 2011 index for quarter three.
“The ANCi is more proof that the Anchorage economy is still growing and optimistic. In three years of conducting the ANCi, this is the highest third-quarter optimism rating,” said AEDC President and CEO Bill Popp.
AEDC is a private, nonprofit membership organization developed in 1987 to encourage economic growth and to diversify the Anchorage economy. The organization has more than 230 investors, which represent all industries in Alaska.
For more information visit AEDCweb.com