2015 Q4 Anchorage Consumer Confidence Index Report
In 2015 Q4, ANCi dropped sharply, continuing a three-quarter trend amid increasing concerns about local and state economies, dropping to 53.2 from the third quarter reading of 56.5. This is the lowest reading in the six-year history of the index and is a drop of 5 points from the fourth quarter of 2014. The six-month moving average of the index fell as well, dropping to 54.8 from 56.7, and down 6 points from the fourth quarter of 2014. The six-month moving average has now fallen in each of the last five quarters.
While both Anchorage and our broader statewide index dropped, U.S. consumer confidence was mixed. The Conference Board’s Consumer Confidence Index® dropped by 6.5 points from September to December. However, the University of Michigan’s Consumer Sentiment Index rose by 5.4 points. As we have said over multiple quarters, sustained low oil prices and the sharp drop in recent months are casting doubts about the state’s economy and the effects that will have on both individuals and municipalities. Persistent low oil prices are a very real threat to Alaska’s and Alaskans’ financial health.
Download the full report (PDF file) sponsored by KeyBank and Northern Economics here: AEDC 2015 Q4 ANCi