March 5 Gallup Poll Results On Economic Confidence – Notable Excerpts

On March 5, Gallup released the poll results titled “U.S. Economic Confidence Falls as Sequester Becomes Reality.”  The subtitle is “Prior to sequester, confidence held at the monthly five-year high.”

An excerpt regarding the monthly average reading for February:

Although Americans’ confidence in the economy fell last week, monthly U.S. Economic Confidence held steady at -13 in February, matching January and the five-year monthly high set in November 2012. Monthly economic confidence improved from September to November before declining to -17 in December. It rebounded to -13 in January and remained at this level in February.

Here is the accompanying chart depicting monthly economic confidence:

Gallup Economic Confidence Index -- Monthly Averages, January 2008-March 2013



The Special Note summarizes my overall thoughts about our economic situation

SPX at 1536.74 as this post is written