On April 1, 2014 Gallup released the poll results titled “In U.S., Economic Confidence Holds Steady in March.” The subtitle is “Gallup’s Economic Confidence Index averages -17, similar to past two months.”
Notable excerpts include:
Gallup’s Economic Confidence Index averaged -17 in March, essentially the same as the -16 measured in January and February.
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 theoretical high is 100, if all Americans were to say the economy is “excellent” or “good” and that it is getting better; the theoretical low is -100, if all Americans were to say the economy is “poor” and getting worse.
In March, 19% of Americans rated the economy as excellent or good, while 36% rated it as poor, for a current conditions score of -17, up slightly from last month’s -18. Meanwhile, 39% of Americans said the economy is getting better, while 56% said it is getting worse, for an economic outlook score of -17, slightly more negative than the -15 found in February.
Here is an accompanying chart of the Gallup Economic Confidence Index:
The Special Note summarizes my overall thoughts about our economic situation
SPX at 1887.10 as this post is written