GALLUP Economic Indicators show lack of Confidence in US economy

Despite a terrific September on Wall Street, Gallup’s Economic Confidence Index averaged -33 over the first four weeks of September, essentially matching readings in July and August. There is thus little sign that the rising stock market has been met by a concomitant rise in Americans’ confidence in the economy.

Economic Confidence Index, Monthly Averages, January-September 2010

The Economic Confidence Index is now more negative than the -23 of September 2009, but better than the -50 of September 2008. The Economic Confidence Index consists of the average of two consumer ratings: one involving current economic conditions and the other involving the economic outlook.

Many Continue to Rate the U.S. Economy "Poor"

Over the first four weeks of September, 47% of Americans called current economic conditions "poor" — identical to July and August.

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Consumer ratings of current economic conditions are running slightly worse now than they were in September 2009, when 44% gave current conditions a "poor" rating, and are not much different than September 2008’s 46%.

To read more and know about methodology of survey, visit www.gallup.com/

Hitesh Anand

I am a post graduate from Newcastle University, UK. I like studying and analyzing economic data and financial health of world.

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