Tags: Gallup | Economic | Confidence | Americans

Gallup: US Economic Confidence Down, but Still Positive

Gallup: US Economic Confidence Down, but Still Positive

 (DPC)

By    |   Wednesday, 15 February 2017 10:09 AM

Americans are slightly less confident in the U.S. economy than they were in late January, but they remain positive overall, Gallup reported.

Gallup's U.S. Economic Confidence Index averaged +7 for the week ending Feb. 12. The latest weekly average is similar to the prior week's +8 index reading, but these are down from weekly scores averaging between +10 and +14 in January.

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 Americans were to say the economy is doing poorly and getting worse.

Americans remain just as upbeat as they were in late January about current economic conditions, but they are now less optimistic about the economy's future.

“Americans are just as positive as they were in January about current economic conditions in the U.S., but their optimism for the economy's future is flagging. This change in optimism has occurred mainly among Democrats and independents, while Republicans remain optimistic,” Gallup reported.

“This imbalance can perhaps be remedied by continued progress in gross domestic product growth, low unemployment and gains in the stock market. If positive signs such as these aren't visible to Americans, it could further chip away at their economic outlook.”

While his first few weeks have certainly been volatile and controversial, Trump will be a demanding leader who applies the best of his negotiating skills to push for U.S. growth, bestselling author David Horowitz recently told TheStreet.com.

Trump won’t be an ideological purist like Republicans who support free trade but don't fight for fair trade, Horowitz said.

“If you just say, ‘well we're for free trade and we're not going to look at the deals that we make’ -- that's not a good idea,” he said. “We've had an anti-business president now for eight years who doesn't take a hard-nosed attitude towards these deals. Trump is going to get better deals for us, which is still free trade.”

Horowitz's new book, "The Big Agenda: President Trump's Plan to Save America," reveals Trump's "first 100 days strategy" to roll back Obama's legislative and executive record.

Horowitz's new book is the first book about the Trump presidency and has soared to the top of the Amazon bestseller charts, becoming the No.1-selling book on the web. Trump will also lead the way in making infrastructure spending to boost the U.S. economy, Horowitz said.

“If the economy grows as it will under Trump, there's going to be a lot more money to spend,” he said.

"Big Agenda: President Trump's Plan to Save America" is available at bookstores everywhere – or get your copy on Amazon – Click Here Now

(Newsmax wire services contributed to this report).

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Americans are slightly less confident in the U.S. economy than they were in late January, but they remain positive overall, Gallup reported.
Gallup, Economic, Confidence, Americans
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2017-09-15
Wednesday, 15 February 2017 10:09 AM
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