SALEM, Va., Nov. 20, 2014 /PRNewswire/ -- Consumer sentiment remains strong in Virginia despite a projected budget shortfall, according to the results of the latest Virginia Consumer Sentiment and Inflation Expectations Report by Roanoke College.
Incomes are reportedly higher and prices are low, setting the stage for a strong holiday shopping season in Virginia. The Tidewater region experienced the strongest growth in sentiment after its drop off in the third quarter of 2014.
Strong sentiment in the Commonwealth is likely due to a variety of sources. Negative reports of international unrest and Ebola are balanced by positive reports of steady labor markets and low gas prices. Short-term inflation expectations dropped six basis points to 2.7 percent, in line with the preliminary national 2.6 value. Low gas prices also are likely driving the reduction.
For the full results of the Roanoke College Poll's Virginia Consumer Sentiment report, visit http://bit.ly/1yX53Rg.
SOURCE Roanoke College