Ontario Consumer Confidence
According to the Conference Board of Canada, consumer confidence in Ontario edged lower in April 2019.
A near-record percentage of respondents still expect employment levels to hold steady. Even so, there was an uptick in the level of those expecting deterioration in the labour market over the next six months, although levels are still lower than the highs seen in 2015.
A vast majority of Ontarians still expect their budgets to hold steady over the next six months. The number of consumers who thought their budgets would stay the same in six months was up in April, whereas the number of respondents who were unsure fell.
The percentage of consumers who thought it was a bad time to make a big-ticket purchase moved up in April as fewer respondents expressed uncertainty on this topic.
According to the Conference Board of Canada, consumer confidence in Ontario plummeted for the eighth month in a row in April 2022.
Concerning job prospects over the next six months, the number of respondents expecting deterioration ticked downwards while the number of those expressing uncertainty about job futures increased slightly.
Regarding expectations for their household budget over the next six months, the number of respondents expecting stability continued to drop, while there was another increase in the percentage of respondents expecting their household financial situation to worsen.
Sentiment about making major purchases, like a home or a car, remains at historically subdued levels. The percentage of consumers who expected better conditions or expressed uncertainty fell again while those expressing pessimism continued to rise sharply.
Note: Based on 3-month moving averages.