Tags: Trump Administration | Gallup | Economic | Confidence Index | Trump

Gallup: Economic Confidence Index Hit New High as Trump Took Office

Gallup: Economic Confidence Index Hit New High as Trump Took Office

 (AP/Evan Vucci)

Tuesday, 07 February 2017 09:24 PM

Americans' confidence in the U.S. economy soared to record highs at the time President Donald Trump officially entered the White House, as optimism was higher in January than in any other month since 2008.

Gallup's U.S. Economic Confidence Index averaged plus+11, the highest monthly average in Gallup's nine-year trend. However, the index has been slightly lower so far this month.

The index peaked at plus+19 for the Jan. 21-23 three-day average after Trump's inauguration and shortly before the Dow Jones industrial average hit a new high.

However, the index's high point did not last. The three-day averages have since dipped to smaller single-digit scores, including a plus+8 average for Feb. 3-Feb. 5.

Gallup's 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 plus+100 if all Americans were to say the economy is doing well and improving, and a theoretical minimum of minus-100 if all Americans were to say the economy is doing poorly and getting worse.

In January, 31 percent of Americans rated the economy as "excellent" or "good," while 21 percent said it was "poor," resulting in a current conditions score of plus +10, marking the highest monthly reading for this component since 2008.

 

The economic outlook component also reached a new high score of +11 in January. This score was the result of 52 percent of Americans saying economic conditions in the country were "getting better," while 41 percent said they were "getting worse."

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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Economy
Americans' confidence in the U.S. economy was higher in January than in any other month since 2008.Gallup's U.S. Economic Confidence Index averaged plus+11, the highest monthly average in Gallup's nine-year trend.
Gallup, Economic, Confidence Index, Trump
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2017-24-07
Tuesday, 07 February 2017 09:24 PM
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