The Index of Consumer Attitudes is produced four times a year from responses to four attitudinal questions posed to a random sample of Canadian households. The winter survey was conducted in the first two weeks of December.
Document Highlights
Consumer confidence bounced back across the country in December reversing the significant drop in confidence in October and raising the Index slightly above the third quarter survey level (108.0).
- Consumer confidence stands at 109.0, nearly then points higher than in October.
- Households appear willing to make major purchases despite dismal economic news.
- Confidence is up in Quebec and Ontario.
- Monetary and fiscal stiumlus are expected to lead to a recovery by the second half of 2002.
