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Oklahomans expect better finances, buying conditions soon

Arvest Consumer Sentiment Survey registers improvement.
From Staff Reports Modified: August 6, 2014 at 10:00 am •  Published: August 5, 2014

Studying conditions

In addition to the overall Consumer Sentiment Index released in July, the Arvest Consumer Sentiment Survey also includes a Current Conditions Index and a Consumer Expectations Index, continuing to follow the model of the national Survey of Consumers produced by the University of Michigan.

The survey’s Current Conditions Index is tabulated from the answers to two questions on the survey: “How is your current financial situation compared with a year ago?” and “What do you think of buying conditions over the next six months?” The Current Conditions Index for Oklahoma is 82.2, higher than that of Missouri, 77.6, and Arkansas, 74.7. The regional Current Conditions Index is 78.7.

The Arvest Consumer Sentiment Survey is conducted by the Center for Business and Economic Research in the Sam M. Walton College of Business at the University of Arkansas in Fayetteville.

The University of Oklahoma’s Public Opinion Learning Laboratory conducted the 1,200 phone surveys.

Other research partners are the Bureau of Economic Research, housed within the Economics Department at Missouri State University, and the Meinders School of Business at Oklahoma City University, which includes the Steven C. Agee Economic Research & Policy Institute.