MURFREESBORO, Tenn. — Tennessee consumers are feeling much less
positive about the economy headed into fall and prefer GOP presidential
candidate Donald Trump to address economic issues, according to the latest statewide
consumer survey results from Middle Tennessee State University.
The overall Tennessee Consumer Outlook Index
measured 47, down sharply from 77 in June, and the declining outlook was consistent across all three regions of
the state. The current online survey of
621 Tennessee residents was conducted Sept. 2-12, with a margin of error of 4
percent.
Respondents were also asked a series of questions
relating the two major party presidential candidates (Donald Trump and Hillary
Clinton) to economic attitudes. Overall, Tennessee consumers favor Donald
Trump to Hillary Clinton when it comes to the economy, a general pattern
consistent across the state’s three regions.
The Office of Consumer Research in the MTSU Jones
College of Business conducts the quarterly survey, which consists of a series
of questions that measure areas such as how consumers feel about the local,
state and national economies as well as their personal financial situations and
the job market. A copy of the full report and previous report are available at www.mtsu.edu/consumer/tnoutlookreports.php.
Dr. Tim Graeff, director of the Office of Consumer
Research, noted that one of the index’s subcategories, the Current Situation
Index, slipped further into the negative range this month, dropping to -27 from
-10. Only 15 percent of Tennessee consumers said current economic
conditions in the country are “good,” whereas 28 percent said they were “bad.”
Perceptions of the state’s economy are a bit more
positive, with 28 percent saying “good,” and 19 percent “bad.”
Concerns about the job market continue to drag down
consumers’ outlook, Graeff added, with only 12 percent of respondents saying
that jobs are “easy to find” compared to 31 percent who said they are “hard to
find.” And only 17 percent expect there will be “more job openings” in the
next six months.
Middle Tennessee consumers continue to be the most
optimistic about the economy, with West Tennesseans being the most pessimistic.
For more information, contact Graeff at
615-898-5124 or Tim.Graeff@mtsu.edu.
Or visit www.mtsu.edu/consumer.
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