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Survey: N.H. residents feel good about state economy

A poll of New Hampshire residents finds their expectations about economic conditions in the state remain positive, but they are pessimistic about the national outlook.

The findings are based on a Business and Industry Association Report on Consumer Confidence conducted by the University of New Hampshire Survey Center.

When asked how New Hampshire businesses will do during the next year, 51 percent of residents think state businesses will enjoy good times financially, 24 percent think they will experience bad times, and 25 percent anticipate mixed conditions. This level of confidence has stayed steady since January.

“New Hampshire residents’ confidence about business performance in New Hampshire continues to increase and that’s encouraging,” said BIA President Jim Roche. “However, their level of confidence in business performance nationally is rising at a slower rate and their opinion about long-term prospects for the U.S. economy are still pessimistic.

“This should serve as a reminder that New Hampshire, while in a good position economically relative to other states and regions, could easily lose that edge if we don’t continue to support business friendly policies and implement long-term strategies to ensure the state’s continued economic growth,” Roche said.

Residents are doubtful about the long-term prospects for the U.S. economy. The survey found 36 percent of them believe the national economy will enjoy continuous good times over the next five years; 39 percent expect periods of widespread unemployment and depression; and 25 percent see a mix of good and bad conditions. The survey notes that this is the most optimistic residents have been about the U.S. economy since October 2012.

The phone poll of 518 adults was conducted between July 7 and 14. The margin of sampling error for the survey is plus or minus 4.3 percentage points.

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