On July 7, 2015 Gallup released the poll results titled “U.S. Economic Confidence Index Holds at Seven-Month Low.”
Notable excerpts include:
Gallup’s U.S. Economic Confidence Index was essentially steady in June, averaging -8 for the month. This is statistically tied with May’s -7 score, keeping the index at its lowest monthly reading since November.
Gallup’s Economic Confidence Index is the average of two components: Americans’ ratings of current economic conditions and whether they feel the economy is improving or getting worse.
The economic outlook component score was -11 in June, based on 42% of Americans saying the economy is getting better and 53% saying it is getting worse. This is similar to the -10 found in May, and is the lowest monthly economic outlook score in Gallup Daily tracking since October.
Meanwhile, the current conditions score in June was -4 — the same as in May — based on 25% of Americans saying the economy is “excellent” or “good” and 29% calling it “poor.”
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 2060.33 as this post is written