On September 2, 2014 Gallup released the poll results titled “U.S. Economic Confidence Index Stable in August at -16.” The subtitle is “Current conditions index unchanged at -14 for fifth month.”
Notable excerpts include:
Gallup’s U.S. Economic Confidence Index was steady at -16 in August. This score falls within the -14 to -17 range that the monthly averages have been in throughout 2014, including -17 in July.
Gallup’s Economic Confidence Index is the average of two components: how Americans view current economic conditions and their perception of whether the economy is getting better or worse. In August, 20% said the economy is “excellent” or “good,” while 34% said it is poor. This resulted in a current conditions index score of -14, the same current conditions score found for five consecutive months.
Here is an accompanying chart of the Gallup Economic Confidence Index:
The Special Note summarizes my overall thoughts about our economic situation
SPX at 2002.28 as this post is written