The Roanoke College Poll: Virginia Consumer Sentiment and Inflation Expectations Report - KXXV-TV News Channel 25 - Central Texas News and Weather for Waco, Temple, Killeen |

The Roanoke College Poll: Virginia Consumer Sentiment and Inflation Expectations Report

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

SOURCE The Roanoke College Poll

Sentiment returns to upward trend, Shenandoah Valley stagnant

SALEM, Va., Feb. 17, 2014 /PRNewswire/ -- The Roanoke College Poll interviewed 601 Virginians about their financial situation, general business conditions now and in the future, their inclination for purchasing durable goods, and their thoughts on prices in the near- and long-term. The Virginia Index of Consumer Sentiment (VAICS) rose to 83.0 in February, up 6.5-points since November 2013, making up a majority of the loss from August 2013. The increase returns the index to its upward trend held through the middle of 2013, and is 8-points higher than a year ago. Sentiment in Virginia is slightly above the preliminary national consumer sentiment value for February 2014.

Sentiment about the future economy and household finances increased by nearly 8-points since November, returning to its upward trend. The Virginia Index of Consumer Expectations (VAICE) is 82.1 in February, up from 74.3 in November 2013. The preliminary 2014 national measure of expectations was 73.0 indicating that Virginians are considerably more optimistic about the future of the economy than the nation as a whole. The share of respondents who believe that the next five years will be a period of high unemployment and recession is down 6-points since November. Differences in these attitudes continue to exist across groups. This is particularly true of Republicans (58 percent) and low-income households (51 percent). Democrats (43 percent) and blacks (39 percent) are more likely to believe the coming years will be a time of economic prosperity than contraction.

Virginians report being better off financially today than a year ago and that business conditions have strengthened. The Virginia Index of Current Conditions (VAICC) rose by almost 5 points since November to 84.3. Of those reporting that they are better off financially today compared to a year ago, 79-percent attribute the improvement to higher income, while only 2.7-percent to lower prices.

The nation as a whole is considerably more positive on the current conditions. The University of Michigan reported a preliminary 2014 current conditions value of 94.0, an increase of almost 7-points since November, but down 2-points since January.

For the complete report visit: http://bit.ly/1hpwcsd.

©2012 PR Newswire. All Rights Reserved.

  • Local NewsMore>>

  • West community gathers for healing walk through town

    West community gathers for healing walk through town

    Friday, April 18 2014 11:38 PM EDT2014-04-19 03:38:52 GMT
    The healing process continues in West and so the community comes together for a healing walk through town.More >>
    The healing process continues in West and so the community comes together for a healing walk through town.More >>
  • LACY LAKEVIEW

    Call center evacuated after gun threat

    Call center evacuated after gun threat

    Friday, April 18 2014 8:11 PM EDT2014-04-19 00:11:04 GMT
    A call center was evacuated late Friday afternoon after a threat regarding a man with a gun . Employees at the General Dynamics Information Technology Center, which takes calls for Obamacare, were evacuated. The call center is located at Loop 340 a couple blocks west of Interstate 35.An email sent by supervisors said employees arriving for work were being sent home. Others already inside were locked down, and then later sent home. Police got a tip call that a disgruntled employee, who was mad...More >>
    A call center was evacuated late Friday afternoon after a threat regarding a man with a gun . Employees at the General Dynamics Information Technology Center, which takes calls for Obamacare, were evacuated. The call center is located at Loop 340 a couple blocks west of Interstate 35.An email sent by supervisors said employees arriving for work were being sent home. Others already inside were locked down, and then later sent home. Police got a tip call that a disgruntled employee, who was mad...More >>
  • MCLENNAN COUNTY

    Man identified in deadly rollover accident

    Man identified in deadly rollover accident

    A man has died from a rollover accident that occurred Friday afternoon on I-35.More >>
    A man has died from a rollover accident that occurred Friday afternoon on I-35.More >>
Powered by WorldNow

News Channel 25 KXXV-TV
P.O. Box 2522
Waco, TX 76702

Phone Numbers:
Main: 254-754-2525
Tip Line: 254-757-2525

Links
Contact Us
KXXV Employment Opportunites
FCC Filings
Advertise on KXXV

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KXXV. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.