By. Charles H. Green
Gallup’s weekly survey of Americans’ confidence in the U.S. economy improved slightly over the past two weeks. Their U.S. Economic Confidence Index was -15 last week, similar to the -16 from the previous week, but up from -18 in the week ending Sept. 1. However, Americans continue to be less positive about the economy than they were in May and June.
Gallup’s Economic Confidence Index is based on Americans’ ratings of current economic conditions in the U.S. and their assessments of whether the economy is getting better or worse. The three-point increase in the overall index over the past two weeks is solely due to Americans’ rosier economic outlook.
Last week, 42% of Americans said the economy is getting better and 53% said it is getting worse, for a net economic outlook score of -11, six points higher than the -17 in the week ending Sept. 1.
Seventeen percent of Americans rate current economic conditions as “excellent” or “good,” while 35% rate them as “poor.” That results in a -18 net current conditions score, identical to what Gallup found for the week ending Sept. 1.
Economic confidence among consumers and businesses bode a directly relationship to short terms and long term economic activities such as household spending, large purchases and even marriage among consumers, and capital acquisitions, borrowing and investment among businesses.
Read More at Gallup Economy