PrintPrintConsumer confidence is on the rise in South Carolina, according to a report published Wednesday by Gallup Poll. The report shows that 29% of S.C. consumers believe the economy is getting better, compared with 14% who felt that way in 2008.
Staff Report
Published Aug. 6, 2009
Consumer confidence is on the rise in South Carolina, according to a report published Wednesday by Gallup Poll.
The report shows that 29% of S.C. consumers believe the economy is getting better, compared with 14% who felt that way at the midpoint of 2008.
However, South Carolinians still believe the national economy is in bad shape, with 53% rating the current economic conditions as poor, up from 43% in 2008.
The poll, conducted during the first half of 2009, showed that, overall, the United States is seeing a rise in consumer confidence and optimism, with about 27% of Americans believing the economy is getting better, compared with 13% in 2008. Gallup called 78,688 adults ages 18 and older for the poll. The overall margin of error is plus or minus 1 percentage point.
Gallup attributed the growth in confidence to a more positive opinion on the economy’s future direction, rather than current economic conditions.
Gallup also concluded that the degree of change in consumer confidence and the rating of the nation’s economy are largely related to a state’s political orientation. Solidly Democratic states showed the greatest increase in optimism, and the least-improved states were Republican.
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