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Gallup: Economic Confidence Remains Steady

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By    |   Tuesday, 07 Nov 2017 11:07 AM

Americans' confidence in the U.S. economy tilted slightly positive in October, with Gallup's U.S. Economic Confidence Index at +3 for the month.

Though the index's current reading is on the low end of what Gallup has measured for 2017 so far, it remains well above the mostly negative ratings recorded from 2008 to 2016, Gallup reported.

Americans' confidence in the U.S. economy was barely positive in October but is off to a stronger start in November.

According to the latest Bureau of Labor Statistics report, the U.S. unemployment rate has dipped to 4.1% -- the lowest in nearly 17 years.

Meanwhile, the stock market remains on a tear, with the Dow Jones industrial average up more than 5,000 points from where it was one year ago.

To be sure, President Donald Trump sent tweets Tuesday morning pointing to the "great confidence" in his administration’s efforts, noting the record level the stock market hit on Monday.

He added that the administration is at work on cutting taxes.

U.S. equities hit records highs on Monday as Wall Street noted news of corporate dealmaking, according to CNBC.

The president is on a tour of Asia, including stops in Japan and South Korea.

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 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.

(Newsmax wires services contributed to this report).

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Economy
Americans' confidence in the U.S. economy tilted slightly positive in October, with Gallup's U.S. Economic Confidence Index at +3 for the month.Though the index's current reading is on the low end of what Gallup has measured for 2017 so far, it remains well above the mostly...
gallup, economic, confidence, trump
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2017-07-07
Tuesday, 07 Nov 2017 11:07 AM
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