Americans’ confidence in the economy continued to recover last week after taking a hit during the partial U.S. government shutdown. Gallup’s Economic Confidence Index rose to -24, much improved from -39 in mid-October during the shutdown, but it has not yet bounced back to the -15 found in mid-September.
Americans’ economic outlook score entered positive territory in late May and early June for the first time since Gallup Daily tracking began in January 2008. The public’s perception of the economy’s direction has generally soured since then and got much worse during the government shutdown. Americans’ outlook is on the upswing, though, rising 20 points since mid-October.
Hopefully interest rates will remain low (they’ve gone down a bit since the rate hike in June), and 2014 will show a ...Read More