February Consumer Sentiment in Virginia Hits Record Levels

My quarterly Consumer Sentiment and Inflation Expectations report for the Roanoke College IPOR came out last week. Our index reached the highest level since we started producing the index in November 2011. The Virginia index values compared to the national values for the last two years are shown below:

Surprisingly, gas prices do not seem to play a large role in household finances and thus perceptions of the economy. Less than 28% of Virginians report gas prices influence their household finances a great deal.

You can read the complete report here.

Additionally, you can watch an ABC 13 story concerning the report below.

WSET.com - ABC13