Confidence in New Hampshire’s economy had improved for three consecutive quarters, but it has stalled this summer, according to the latest Business and Industry Association Report on Consumer Confidence.

Asked how New Hampshire businesses will do financially over the next year, 48 percent of respondents said they think local businesses will experience good times, 26 percent expect bad times, and 26 percent anticipate mixed conditions.

“The good news is that almost half of Granite Staters think business will improve in the next 12 months and we hope that number will continue to grow,” said BIA President Jim Roche. “It’s likely that Granite Staters are adopting a wait-and-see approach because of the impending fall elections and unfolding economic conditions in Europe.”

The poll, released on July 31 by the UNH Survey Center, included more than 500 randomly selected adults in the state. The resulting figures are similar to the last quarter—and similar to perceptions prior to the 2008 recession.

Views of the national economy are poorer. According to the poll, 37 percent think businesses across the country are headed for good times in the next year, while 42 percent expect bad times and 21 percent expect mixed conditions.

The long-term outlook is equally bleak. Over the next five years, 31 percent expect continuous good times, 38 percent expect periods of widespread unemployment and depression, and 31 percent see a mix of good and bad conditions.

Asked about their household’s financial conditions, only 22 percent said they are better off now than a year ago, while 38 percent said they are worse off and 40 percent said things are about the same.