Economic Confidence at Five-Year High — Gallup
ThinkstockIn the month of January, U.S. economic confidence matched its five-year high set back in November of last year, according to the latest data from Gallup. The Gallup economic confidence index rose to a reading of -13 in January from…
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
In the month of January, U.S. economic confidence matched its five-year high set back in November of last year, according to the latest data from Gallup. The Gallup economic confidence index rose to a reading of -13 in January from a reading of -17 in December.
When viewed by political party affiliation, Democrats posted an economic confidence score of +20, while Republicans posted a score of -56 and independents posted a score of -21.
By income group, upper-income Americans posted an index reading of -7, compared with a reading of -14 put up by middle- and low-income respondents.
On a weekly basis, the economic confidence index posted a five-year high of -9 for the week ended January 27.
Gallup’s data is in line with most other measures of economic sentiment. Momentum from equity markets, an improving housing market and a temporary break in wrangling over the U.S. debt ceiling and deficit are all working to build up U.S. consumer confidence.
Contact [email protected] for any questions or corrections.
Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
