On April 7, 2015 Gallup released the poll results titled “Monthly U.S. Economic Confidence Index Back To Negative.”
Notable excerpts include:
Gallup’s U.S. Economic Confidence Index registered its first negative monthly score of 2015 in March, slipping to -2. This is down from +1 in February and +3 in January.
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 March, an average of 27% of Americans said the economy was “excellent” or “good,” while 27% said it was “poor.” The resulting “0” current conditions score is the same as in February. Meanwhile, the economic outlook sank to -3 in March from +2 in February, based on 46% of Americans saying the economy is “getting better” and 49% “getting worse.”
Here is an accompanying chart of the two components (Sub-Indexes) of the Gallup Economic Confidence Index, discussed above:
Here is an accompanying chart of the Gallup Economic Confidence Index:
The Special Note summarizes my overall thoughts about our economic situation
SPX at 2080.00 as this post is written