Atlantic Consumer Confidence
According to the Conference Board of Canada, consumer confidence in the Atlantic region continued to move higher in October 2024.
Concerning job prospects over the next six months, the number of respondents expressing optimism or uncertainty over the near future of job prospects trended near historically low levels in October as the number of respondents expecting stability regarding the future of the job market remained elevated.
Regarding expectations for their household budget over the next six months, the number of respondents expecting stability over the future of their financial position shot higher while the number of respondents expressing pessimism trended in the opposite direction.
Sentiment about making major purchases, like a home or a car, remains at historically subdued levels but saw further improvement in October. The overall percentage of consumers who thought it was a good time to make a major purchase was up in October compared to the previous month.
Note: Based on 3-month moving averages.
