Survey suggests Mainers’ economic outlook bleak

The Associated Press
Posted Nov. 23, 2011, at 12:40 p.m.

PORTLAND, Maine — As the Christmas shopping season dawns, a new survey shows Maine consumers’ outlook is pessimistic.

The survey by Market Decisions of Portland shows consumer sentiment and longer-term perceptions of the national economy have fallen. Now, 65 percent polled expect the national economy to be worse in five years.

Forty-four percent of Maine residents say it’s a bad time to make a major purchase. That’s well below the peak of 63 percent in October 2008, but the percentage is virtually unchanged over two and a half years.

Market Decisions President Curtis Mildner says survey results suggest that perceptions of the future economy are a drag on perceptions of the current economy.

The phone survey of 400 Mainers was conducted Oct. 5-25 and has an error margin of 5 percent.

http://bangordailynews.com/2011/11/23/business/survey-suggests-mainers-economic-outlook-bleak/ printed on April 16, 2014