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Free AccessGallup Economic Confidence Index Hits Two-Year High
A new survey from Gallup has found that economic confidence has strengthened to its highest level in two years: “While still negative overall, Gallup’s Economic Confidence Index has improved each of the past two months to its highest point in two years, reflecting improved views of both current economic conditions and the economy’s direction. However, a steady majority of Americans continue to say recent price increases have created financial hardship for them.”
- Gallup: “The recent uptick in confidence comes at a time when national economic indicators are generally seen as solid or improving. Unemployment remains low, gross domestic product is beating expectations, the inflation rate is down from its high point, and the stock market -- which continues to surge -- hit a new high at the end of the latest poll’s field period.”
- The survey is the latest to indicate that strong economic data may slowly be filtering through to voters who have failed to reflect positive economic trends in polling data.
Figure 1: Gallup's Economic Confidence Index (Recent Trend)
Source: Gallup
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.