Gallup’s Economic Confidence Index reached its highest level since 2008 during the last week of October. And though confidence ranked higher many times prior to 2008, when Gallup tracked Americans confidence on a periodic rather than daily basis, it is the most positive reading since the financial crisis and resulting recession. The Index measures confidence based on Americans’ perceptions of both current economic conditions and the nation’s outlook. According to the most recent results, 45 percent of Americans now say the economy is getting better, while 49 percent say it’s getting worse. Despite the most positive outlook in four years, Gallup expects Americans will require additional economic growth before confidence moves into positive territory. More here.
