Tag Archive for Gallup Economic

Confidence In Economy Holds Steady In March

April 2, 2014 Housing Market Comments Off on Confidence In Economy Holds Steady In March

Americans’ confidence in the economy showed little change in March from the month before, according to Gallup’s Economic Confidence Index. The index – which is based on the results of interviews conducted with more than 15,000 U.S. adults – hasn’t moved much since rebounding following last October’s government shutdown, which sent confidence plummeting. In March, 19 percent of Americans rated the economy as excellent or good, while 36 percent felt current conditions were poor. Participants who make more than $90,000 in annual household income and those between the ages of 18 and 29 were the most confident in economic conditions. Older Americans and middle to lower income respondents were less confident. According to Gallup, Americans’ level of confidence in the economy reflects a number of mixed economic signals. Positive developments, such as declining unemployment and the recovering housing market, are balanced by limited economic growth and a job market that still finds more Americans out of work than before the recession. More here.

Economic Confidence Flat In February

March 10, 2014 Housing Market Comments Off on Economic Confidence Flat In February

Since the government shutdown last October, Americans’ confidence in the economy has been on the rise. The shutdown caused a dramatic plunge in economic confidence but it bounced back quickly, with subsequent improvement bringing it back to levels last seen before the government gridlock. According to a recent release from Gallup, however, those gains stalled in February. The level of confidence in current conditions and perceptions of whether the economy is getting better or worse saw no change from the month before. But, rather than signaling a coming slowdown, Gallup feels that – with federal fiscal matters temporarily resolved – confidence should have a chance for significant improvement, especially as the seasons change. Last spring and summer saw a surge in confidence and, if this year follows the same pattern, economic confidence could reach positive levels this year, surpassing previous highs. Gallup’s Economic confidence Index is based on Gallup Daily tracking interviews conducted with more than 13,000 U.S. adults throughout each month. More here.