On March 3, 2015 Gallup released the poll results titled “U.S. Economic Confidence Edged Down in February.”
Notable excerpts include:
After scoring +3 in January, the first positive reading in seven years, Gallup’s Economic Confidence Index edged down to +1 in February. The reading last month is still the second-highest monthly average since Gallup began tracking confidence on a daily basis in 2008.
Gallup’s Economic Confidence Index is the average of two components: Americans’ ratings of current economic conditions and their views on whether the economy is getting better or getting worse. The index has a theoretical maximum of +100, if all Americans believe the economy is excellent or good and getting better; and a theoretical minimum of -100, if all Americans say the economy is poor and getting worse.
In Gallup Daily tracking throughout February, an average 27% of Americans said the economy was “excellent” or “good,” while 27% said it was “poor.” The resulting “0” current conditions score compares with +1 in January. Meanwhile, the economic outlook score decreased by three points to +2, based on 49% of Americans saying the economy is “getting better” and 47% “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 2108.61 as this post is written