The latest Gallup Economic Confidence Index fell from a reading of -22 in June to -26 in July, about equal to the low reading for the year of -27 in January. The index reading had improved to -17 in May before sliding in each of the last two months. The July index, for all its warts, is still better than the -42 index reading in July 2011.
The index measures Americans’ assessment of both current economic conditions and the economic outlook in the US. On current conditions, only 14% of those surveyed said the economy is in good or excellent condition, while 42% rated current conditions as poor.
The index for the country’s economic outlook 36% of those surveyed saying that conditions are improving and 59% saying things are getting worse.
Gallup suggests that lukewarm unemployment reports, little positive economic news in the US, and continuing bad news from Europe combined to push the confidence index down in July. That just about covers it.
Paul Ausick
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
