On December 1, 2015 Gallup released the poll results titled “U.S. Monthly Economic Confidence Remains Level in November.”
Notable excerpts include:
Gallup’s Economic Confidence Index averaged -13 in November, similar to the monthly averages since July. This is down noticeably from +3 in January, the highest monthly average Gallup has found since 2008, and in recent months has settled close to where it was in the first half of last year. November’s confidence level, however, remains higher than most monthly averages found between 2008 and 2013.
In November, 24% of Americans rated current economic conditions as “excellent” or “good,” while 31% rated current conditions as “poor.” This resulted in a current conditions score of -7. Meanwhile, the economic outlook score was much lower, at -18. This was the result of 39% of Americans saying the economy is “getting better” and 57% saying it is “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 2102.63 as this post is written