Gallup: Economic confidence rises to 2008 levels

Americans were more positive last week about the economy than at any point since September 2008, though negative attitudes still prevailed.

Gallup’s economic confidence index rose to -16 for the week ended May 20, an improvement from -18 the previous two weeks and -21 in late April. 

The polling firm attributed the index increase to a rise in survey respondents’ outlook on the economy to -9 from -13 a week earlier. Still, 52% of respondents still said the economy is getting worse, compared to 43% who said it’s getting better.

Assessment of current conditions, the other portion of the index, remained unchanged from a net reading of -23.

(Click chart to expand.)

The economic confidence index rose in all three party affiliations measured by Gallup to 14 for Democrats, -17 for Independents and -42 for Republicans.

Andrew Scoggin

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