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
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