Peoria Public Radio News
1:54 pm
Thu October 31, 2013

Consumer confidence down in Peoria area

Area residents are not optimistic about the future of the economy. The Center for Business and Economic Research at Bradley University released its latest survey of consumer confidence for the Metropolitan Statistical Area encompassing Peoria, Tazewell, Woodford, Marshall and Stark Counties.

The survey took place between August and October. It reported the Index of Consumer Sentiment at 73.7. That’s a more than two point decline from the survey performed between January and March of 2012.

The declines in consumer confidence are the result of residents feeling less positive about future family finances and the economy. That includes negative expectations for business conditions, unemployment, and interest rates. The report says the local findings are consistent with declines recorded nationally.