Arizona Business Index

As a statewide consumer confidence index, we provide data and insight into key indicators that drive the AZ economy #InformYourDecisions

[Arizona Business Index @AZBusinessIndex]

The Automobile Index saw significant growth in confidence among multiple demographic groups, especially among non-white, non-Hispanic ethnicities, and Urban dwellers
#ABI powered by @ohpredictive & @phxchamber

[Arizona Business Index @AZBusinessIndex]

Another increase in confidence was seen in the Automobile Index. Rising from 139.6 points in July to 145.5 points in August, the Automobile Index saw an increase of 5.9 points. In August 2021, the following demographic groups reached their new 12-month highs:

[Arizona Business Index @AZBusinessIndex]

The Consumer Sentiment Index decreased by 1.2 points: 88 points in July -> 86.8 points in Aug. While the Future Index of consumer sentiment decreased from 92.9 points in July -> 89.3 points in Aug., the Current Index slightly increased in Aug. (80.3 points in July -> 83 points)

[Arizona Business Index @AZBusinessIndex]

Confidence in the #housingmarket among #GenX significantly grew in August. Among Gen X, the Housing Index increased by 42.3 points to reach 209.7 points in August. This marks a new 12-month high as well as the greatest change in sentiment of all the demographic groups surveyed

[Arizona Business Index @AZBusinessIndex]

As #AZ continues to heal physically & economically from the pandemic, the ABI monitors trends in confidence of #AZconsumers. With the rise of the Delta variant, optimism for the future of #COVID dropped 10 points in Aug., landing at 29%
#ABI powered by @ohpredictive & @phxchamber

[Arizona Business Index @AZBusinessIndex]

The ABI Housing Index saw a sharp decline in the first half of the year, hitting a 12-month low in June (119.6 points). Since then, the Housing Index has been trending back upward to 127.5 points in July & to 134.2 points in August

#ABI powered by @ohpredictive & @phxchamber

[Greater Phoenix Chamber @phxchamber]

Phoenix has an incredibly dynamic economy. There are still virtual seats you can register for to participate in #EO2022 today to hear from industry experts about what they foresee happening in 2022! Thanks to our friends @azcommerce for their support! https://t.co/3gz6K81Jcn

[Todd Sanders @TSandersGPC]

Thank you to @MikePNoble for sharing critical economic and political polling data with chamber execs from all over AZ at the ACE 2021 conference! We are fortunate indeed to have a world class pollster in Arizona! @phxchamber @GPCpolicy @AZBusinessIndex

[Arizona Business Index @AZBusinessIndex]

#AZconsumers have remained more optimistic about COVID-19 after the vaccine was released. Arizonans are more optimistic about COVID-19 in Q2 with 6% more consumers in June (61%) than in March (54%) who felt the situation will be better in the next 30 days

[Arizona Business Index @AZBusinessIndex]

Confidence among most education levels is increasing since the drop in April/May. Consumers with High School/Trade School education and some college gained confidence in the job market in Q2. Consumers who have graduated from a four-year college remain at a similar level as March

[Arizona Business Index @AZBusinessIndex]

Sentiment among Hispanic/Latino consumers saw a significant increase in Q2, showing optimism with a 10.4-point increase from April June (92.9).

#ABI powered by @OHPredictive & @phxchamber

[Arizona Business Index @AZBusinessIndex]

Consumers aged 55-65 were most pessimistic regarding consumer sentiment. The greatest drop in sentiment is seen among this group, dropping by 10 points between May and June.

#ABI powered by @OHPredictive & @phxchamber

[Arizona Business Index @AZBusinessIndex]

Greater Phoenix In Business Magazine (@InBusinessPHX) covers the latest Quarterly #ABI data: https://t.co/kK30h1NG9e

[Arizona Business Index @AZBusinessIndex]

Consumer sentiment among respondents whose education level is high school or less increased by 11 points in June, while respondents with some college education, a four-year degree, or a post-graduate degree decreased by an average of 5 points.

[Arizona Business Index @AZBusinessIndex]

Post-graduation season, the most educated are the least optimistic. According to the ABI-CS™, sentiment among consumers with a college degree decreased by 5 points whereas sentiment among consumers without a college degree increased by 4 points

[Arizona Business Index @AZBusinessIndex]

As AZ heals from the pandemic, consumer sentiment continues to shift. Overall, Arizonans are more optimistic about the future than they are about the present as of June.

#ABI powered by @OHPredictive & @phxchamber

[Arizona Business Index @AZBusinessIndex]

“As AZ continues to emerge from the pandemic, decision makers in the business community would be wise to pay attention to the movement of perceptions, expectations, & key factors in purchasing decisions of Arizonans.” - @MikePNoble, #OHPI Chief of Research
https://t.co/qwnobY8XSO

[Arizona Business Index @AZBusinessIndex]

“AZ & national future confidence share the same trajectory. With a 10.5% increase from Q1 in optimism about business conditions in the year ahead, [w]e believe AZ is positioned to rebound well from the pandemic.” -@TSandersGPC president & CEO, @phxchamber

https://t.co/qwnobXRmue

[Arizona Business Index @AZBusinessIndex]

New #ABI Q2 data has been released by
@phxchamber

Consumer Sentiment twice as strong as Q1, Housing dips slightly and Automobile Index reaches 12-month high
https://t.co/qwnobY8XSO

[Arizona Business Index @AZBusinessIndex]

More than 2 in 5 #AZconsumers reported that eating at a restaurant(46%) & road trips in a personal vehicle(41%) are the activities they are most willing to participate in today. Staying overnight at a hotel(37%) followed closely behind
#ABI powered by @ohpredictive & @phxchamber