Gallup’s U.S. Economic Confidence Index climbed to -8 in November, the highest monthly reading in nearly a year and a half. The index in November essentially matches the post-recession high of -7 in May 2013. This is the monthly index’s fourth consecutive improvement after a long year of fairly stagnant readings. Until October, the index had remained in a narrow range of -14 to -17. Though the index remains in negative territory, November is the closest it has come to breaking into positive territory in quite some time. The current reading is the second-highest monthly reading since Gallup began tracking the index daily in January 2008. Gallup’s Economic Confidence Index is the average of two components: how Americans view current economic conditions, and their perceptions of whether the economy is getting better or worse. [Read this article]
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