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U.S. economic confidence index static at -15

Staff writer |
Americans' confidence in the U.S. economy remains steady, with Gallup's U.S. Economic Confidence Index averaging -15 for the week ending May 22.

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This is similar to the -14 to -16 weekly scores recorded since late April.

Americans' confidence in the economy was decidedly less negative a year ago when the weekly index ranged from -5 to -9 throughout May and June. But in late August, the index dropped to -17 amid turmoil in China's stock market.

After that brief dip, confidence stabilized, ranging from -10 to -15 in all but two weekly readings from September through March. More recently, however, Americans' confidence in the economy has dipped slightly lower, with weekly readings nearing the low from August 2015.

From a long-term perspective, confidence is well above most of the readings Gallup has taken since 2008.

For the week ending May 22, the current conditions score matched the -5 from the prior three weeks -- the result of 25% of U.S. adults rating the current economy as "excellent" or "good," and 30% rating it as "poor."

This component has not changed much over the past year, with Americans holding slightly negative views of the current state of the economy.

Americans' outlook of the U.S. economy has varied much more than the current conditions score over the past year, ranging from a low of -25 to a high of -9.

The latest economic outlook score of -24 is on the lower end of that range - the result of 36% of U.S. adults saying the economy is "getting better" and 60% saying it is "getting worse."

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