U.S. Economic Confidence Index stable at -12
The index is essentially unchanged from -10 one week earlier and has been near this level since it gained six points about the same time as the Democratic National Convention in late July.
Gallup's U.S. Economic Confidence Index is the average of two components: how Americans rate current economic conditions and whether they feel the economy is improving or getting worse.
The index has a theoretical maximum of +100 if all Americans say the economy is doing well and improving, and a theoretical minimum of -100 if all Americans say the economy is doing poorly and getting worse.
The current conditions score averaged -4 last week, reflecting 26% of Americans saying current economic conditions are "excellent" or "good" and 30% saying they are "poor." The previous reading of the current conditions score was -1.
The economic outlook index stood at -20 for the week, with 37% of Americans saying the economy was "getting better" and 57% saying it was "getting worse." This component was basically unmoved from its -19 reading one week earlier. ■