On May 6, 2014 Gallup released the poll results titled “No Movement for U.S. Economic Confidence in April.” The subtitle is “Economic Confidence Index at -16, similar to March.”
Notable excerpts include:
Gallup’s U.S. Economic Confidence Index remained at -16 for April, roughly matching the scores seen each month since January.
Gallup’s 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 April, one in five Americans (20%) rated the economy as excellent or good, while 34% rated it as poor, for a current conditions score of -14, up slightly from last month’s -17. Meanwhile, 39% of Americans said the economy is getting better, while 56% said it is getting worse, for an economic outlook score of -17, the same as in March.
Here is an accompanying chart of the Gallup Economic Confidence Index:
The Special Note summarizes my overall thoughts about our economic situation
SPX at 1867.62 as this post is written