Canadian Consumer Confidence at 19-Month High

Outlook for jobs and income improve, according to the Conference Board of Canada's monthly index

Written by The Canadian Press

OTTAWA – Canadian consumer confidence appears to be improving, according to a monthly index compiled by the Conference Board of Canada.

The index rose 5.1 points to 83 in January, the highest since June 2011 and the first increase in four months.

The Ottawa-based economics forecaster says the improvement was mainly due to confidence in future jobs and future income.

When asked about the employment outlook in their community in the next six months, about one-fifth of respondents said they expected there would be more jobs.

That was an increase of nearly four percentage points from the December survey.

Asked about their income in six months, nearly one-quarter of the respondents said they expected an improvement — up 1.4 percentage points from last month.

The index was based on a survey conducted from Jan. 4 to 14.

Originally appeared on PROFITguide.com