As the COVID-19 pandemic disruptions to the economy continued to ebb and flow in the 4th quarter of 2021 the Anchorage Consumer Optimism index (ANCi) saw a modest improvement from the recent significant dip brought on by the Delta variant spike. Fourth quarter saw the impacts of the Delta variant surge decline, leading to this modest improvement. At 48.2 in Q4 the ANCi is now up 1.7 points from Q3 and is now categorized as in the middle of the “Unsure” range of between 45 and 55. This remains a relatively low level for the ANCi since the first quarter of 2021. The more stable six-month moving average decreased slightly to 49.2, a slight decrease in the overall trend of the index for 2021.