EconomyNorth America

Confidence in US economy takes a tumble


Following five straight weeks of improvement, Americans’ confidence in the economy stalled last week, according to the Gallup’s Economic Confidence Index.

Although the poll slipped two points to -26, it remains more positive than the -39 found during the federal government shutdown, according to Gallup.

But the weekly confidence index is below the -15 mark that was reported in weeks leading up to the shutdown, as well as the nearly six-year high of -3 found in early June.

Gallup’s Economic Confidence Index is based on Americans’ assessments of current economic conditions in the US and their perceptions of whether the economy is getting better or worse.

Americans’ net economic outlook score was -28 last week, down from -26 the prior week. The current score represents 34 percent who said the economy is getting better and 62 percent who said it is getting worse.

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