COVID-19 related uncertainty is proving to be a universal drain on consumer sentiment in Va.

Virginians report their holiday spending likely lower this season and they will increase their use of cash rather than credit. 

The Virginia Index of Consumer Sentiment climbed almost 8 points over the last quarter, making up half of the COVID-19 losses from the second quarter.

Virginians are concerned about the medical and economic impact of COVID-19. However, most Virginians see “normal” as months or longer away. 

The Va. Index of Consumer Sentiment plummeted almost 16 points over last quarter. However, Virginians exude confidence about the future of the economy and pulling out of the recession quickly. 

The Va. Index of Consumer Sentiment rocketed up almost four points in February 2020 coming in only a point and a half away from the historic peak, despite a volatile stock market and coronavirus fears.

Consumers are confident heading into the 2019 holiday spending season.

Sentiment continues fall despite household spending, driven by expectations for the coming year. Consumers continue to spend reflecting the strength in current conditions and report plans to purchase expensive  items before anticipated price increases from tariffs.

The Va. Real Estate Indexes tell a polar tale. Overall sentiment increased but vast differences between buyers and sellers exist. Amazon's arrival is a significant factor in northern Va. 

The latest Roanoke College Poll shows the Virginia Index of Consumer Sentiment fell by over four points to its lowest level since Aug. 2018.