Arvest Consumer Survey Shows Arkansans Mixed on Economy's Health

by Lee Hogan and Lance Turner  on Thursday, Jul. 17, 2014 8:57 am  

Source: Arvest Consumer Sentiment Survey

By education, respondents with graduate degrees had a much more positive sentiment than those without. Arkansas respondents with graduate degrees had a sentiment rating of 81.7. Respondents with a bachelor's degree or a high school diploma or less both had a sentiment rating of 60.8.

Deck said the data shows Arkansas can expect to see continued on-again, off-again growth.

"Until consumers indicate that they feel confident about their economic futures, personal income growth will be the key to additional spending and a breakout recovery," she said.

John Womack, chairman and chief executive officer of Arvest Bank in central Arkansas said the first results of the data gives better, more localized information regarding the consumer sentiment.

"What is most important is simply knowing where people in the state stand in their views - especially since consumers drive the majority of economic activity," he said.

Arvest's survey will be conducted twice a year. The next one will be completed in late November.

 

 

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