U.S. Economic Confidence Index Level at -13

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The FINANCIAL — Gallup’s U.S. Economic Confidence Index was level at -13 for the week ending Sept. 27, marking the fourth consecutive week the index has averaged between -12 and -14. This is slightly better than the 2015 low of -17 from the end of August, but worse than what Gallup measured earlier this year.

Although the current Economic Confidence Index score is near the lower end of the index’s range so far in 2015, it is still higher than it has been for most of the post-recession period that began in 2009.

Gallup’s Economic Confidence Index is the average of two components: how Americans rate the current economy and whether they say the economy is “getting better” or “getting worse.” Neither component had a major change for the week ending Sept. 27. Since March, Americans have rated current economic conditions more positively than they have viewed the economic outlook.

The current conditions component averaged -5 last week, the result of 25% of Americans rating the current economy as “excellent” or “good” and 30% rating it “poor.” This remains slightly better than the -8 found in late August and early September.

The economic outlook component averaged -20, the result of 38% of Americans saying the economy is getting better and 58% saying it is getting worse. The outlook component had fallen as low as -25 in late August.

 

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