Arizonans ended the year with lower consumer confidence than there had been in the three months prior.
The Greater Phoenix Chamber released its 2021 fourth quarter Arizona Business Index, a poll conducted by OH Predictive Insights. It showed that consumers have less confidence in the economy fell in the third quarter.
The Economic Optimism Index dropped 4.81 points to 74.5. Notably, 85% of consumers think prices will increase, up 2.6% from the third quarter; and 73% think interest rates will rise, a 5.9% increase over the third quarter.
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