NH consumers optimistic about state economy
August 27. 2013 9:30PM
DURHAM — New Hampshire residents continue to be upbeat about the future of the state's economy but see bad times ahead for the U.S.
The percentage of Granite State residents who think that they are personally better off since last year is at its highest point in six years.
The findings are based on the latest Business and Industry Association Report on Consumer Confidence, conducted by the University of New Hampshire Survey Center, according to a report by Andrew E. Smith and Zachary S. Azem of the center.
Five hundred and thirteen randomly selected New Hampshire adults were interviewed between July 29 and Aug. 14. The margin of sampling error for the survey was +/- 4.3 percent.
After significantly improving from 2011 to 2012, perceptions about the New Hampshire economy have remained flat in 2013.
When asked how New Hampshire businesses will do over the next year, nearly half of Granite Staters (46 percent) think state business will enjoy good times financially, 27 percent think they will experience bad times, and 27 percent anticipate mixed conditions.
While there is no sign of improvement, these figures are consistent with views prior to the 2008 recession.
"Nearly half of New Hampshire residents believe the state's economic climate is good and will remain steady, and that's a good sign," said BIA President Jim Roche. "I believe that reflects confidence that our state's elected leaders will continue to work together, in a bipartisan fashion, to create business friendly policy that moves the state's economy forward. However, we should not forget about the impact decisions in Washington have on New Hampshire's economy and encourage our federal leaders to adopt the same level of discourse and consensus so that businesses everywhere, including New Hampshire, can continue to grow, add jobs and keep the economy moving forward."