On March 4, 2014 Gallup released the poll results titled “Economic Confidence Unchanged in February.” The subtitle is “Gallup’s Economic Confidence Index remains at -16.”
Notable excerpts include:
Gallup’s Economic Confidence Index was -16 for the month of February, the same as in January. February marked the end of consecutive monthly increases in economic confidence after a dramatic drop amid the federal government shutdown in October.
The Gallup Economic Confidence Index is the average of two components: Americans’ views on the current economic situation and their perceptions of whether the economy is getting better or worse. The current conditions component of the index averaged -18 in February, based on 18% of Americans rating the economy as excellent or good versus 36% rating it as poor. The outlook component’s average was -15 in February, with 40% of Americans saying the economy is getting better and 55% saying it is getting worse.
Here is an accompanying chart of the Gallup Economic Confidence Index:
The Special Note summarizes my overall thoughts about our economic situation
SPX at 1871.02 as this post is written