Gallup: U.S. Economic Confidence Hits New High
PRINCETON, NJ -- "The Gallup Economic Confidence Index broke through a barrier last week, surpassing -17 for the first time in the four-plus years of Gallup Daily tracking in the United States. The index now stands at -16 for the week ending May 20, up from -18 in each of the prior two weeks in May, and from -21 in late April.
"The weekly Gallup Economic Confidence Index is an average of two components of consumers' psychology: Americans' ratings of current economic conditions and their perceptions of whether the economy is getting better or getting worse. All of last week's gains occurred because of a slight improvement in Americans' outlook for the economy. Forty-three percent now say the economy is getting better and 52% say it is getting worse, for a -9 net economic outlook score. This is up from -13 the week prior.
Americans' net perceptions of current economic conditions are unchanged from the previous week, with 15% describing conditions as "excellent" or "good" and 38% as "poor," for a net economic conditions rating of -23.
Notably, Americans' economic outlook is nearly the most positive Gallup has found since January 2008, and the current conditions component is the highest since September 2008."
4 Comments:
the most positive Gallup has found since January 2008,
They must be looking forward to a new president, not that it will help.
More current and inclusive is the Bloomberg Confidence index, which turned back down about a month ago.
The raw chart & data:
http://www.bloomberg.com/quote/COMFCOMF:IND/chart
Citi Surprise index also looking quite poor.
Chart has both the S&P500 and gold as references.
http://www.nowandfutures.com/images/citi_surprise_sp500_gold.png
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