Connecticut residents are becoming less worried about the state’s business conditions and economic prospects, but more concerned about their own, a new survey has found.
The latest survey from InformCT, a non-partisan research and outreach group of the Connecticut Economic Resource Center Inc. (CERC), said residents are reporting less apprehension about state issues regarding the economy, health care, retirement and employment.
Seventy-seven percent of the 505 residents surveyed in September said Connecticut’s business conditions are the same or better vs. six months ago. A growing percentage of residents (81 percent) also expect the business environment to remain flat or improve in the next six months.
A total of 31 percent of respondents said Connecticut’s business climate will improve, the highest mark in the survey’s four-year history.
Other results show 81 percent of nutmeggers feel there are ample employment opportunities for those seeking work. The percentage of residents who believe Connecticut’s economy is surging also rose.
When it comes to personal finances, however, Â 38 percent of respondents said they expect to be better off in six months, down 8 percent vs. the second quarter. Only 28 percent said they were better off financially compared to six months ago, down from 32 percent last quarter.
Respondents’ consumer confidence was also lacking. Just 36 percent reported plans to make a major consumer purchase, representing the lowest percentage since the second quarter of 2017, and 25 percent said they were likely to buy a new car, representing the lowest figure in the last year.
The online survey has a 4 percent margin of error.
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