Thursday, May 31, 2012

Americans' Economic Confidence Stable at Four-Year High

 The Gallup Economic Confidence Index held at -16 last week, the highest the index has reached in the four-plus years of Gallup Daily tracking in the United States. This is slightly improved over the -18 readings in the first half of May, and up significantly from -27 at the start of the year.

Longer term, the index has fully recovered from the near-record-low -54 it fell to last summer as a political battle raged in the U.S. over raising the debt ceiling. The index is now marginally higher than its level at the start of 2011, which in turn was slightly improved over the high points reached in 2009 and 2010, and slightly better than where it stood at the beginning of January 2008.

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Source: Lydia Saad

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