Confidence in U.S. economy dips to +4 in September
While Gallup's confidence index climbed past the +10 mark in the first month of the year, September's score of +4 represents a continuation of economic attitudes that have held since May, apart from a brief increase in early August after the Dow Jones industrial average hit 22,000.
The weekly average of Gallup's U.S. Economic Confidence Index remained in the low single digits for the week ending October 1, averaging +2. This latest weekly reading is down slightly from +5 the week before.
Gallup's U.S. Economic Confidence Index is the average of two components: how Americans rate current economic conditions and whether they believe the economy is improving or getting worse.
The index has a theoretical maximum of +100 if all Americans were to say the economy is doing well and improving and a theoretical minimum of -100 if all were to say the economy is doing poorly and getting worse.
Even if Americans' overall confidence in the economy has stagnated recently, confidence nonetheless remains notably higher compared with any month between 2008 and November 2016. ■