Canadian economic mood flat in August (Nanos Economic Indices - August 2012)
Nanos tracking on the economy
Although confidence in the Canadian economy remained flat over the past month, Canadians were more likely to feel more confident in their job security in August. Positive perceptions continue to be driven by Canadians who live in the energy-driven Prairie provinces.
One thing to watch are perceptions related to real estate. Net positive views on real estate have dropped for the fifth wave of research in succession. Although still positive, it is the lowest score since the second quarter of 2009 in the Nanos tracking. For many Canadians, their largest single investment is their home. If views related to real estate continue to slide, it could result in a dampening effect on future consumer confidence in Canada.
These are the key findings of the consumer confidence tracking study completed by Nanos on August 16 and 17, 2012.
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The current wave is based on a representative random sample of 1,000 Canadians, conducted online by Nanos Research between August 16th and 17th, 2012. The results were weighted using the latest census information and statistical testing suggests that the research is an accurate depiction of the views of Canadians at the time of the research.
Nanos Economic Monitor
The numbers in parentheses denote the change from the Nanos Economic Mood Index, the Nanos Pocketbook and the Nanos Expectations Sub-Indices in July 2012.
2012-08 - Nanos Economic Mood Index: 101.3 (+1.1)
2012-08 - Nanos Pocketbook Sub-Index: 92.0 (+2.2)
2012-08 - Nanos Expectations Sub-Index: 112.5 (-0.3)
2012-08 Strength of the Economy Net Score: -4.0 (+2.9)
2012-08 Real Estate Net Score: +14.9 (-3.4)
2012-08 Personal Finances Net Score: -13.5 (+0.2)
2012-08 Job Security Net Score: +38.3 (+7.5)
What do you think?