A new Gallup poll shows economic confidence rose to a 13-month high in February, despite a drop-off as the month progressed.
The Economic Confidence Index survey increased to -22, close to the post-recession high of -21 in January 2011. A weekly measure, however, showed a steady decline from the start of February to -25 in the last week of the month.
February continues a streak of improved readings from -52 in August, despite continued negative levels.
Democrats surveyed reported a positive reading of 8 in February, while independents measured at -27 and Republicans at -45.
The survey includes a random sampling on current economic conditions and outlook for future growth. Read more at Gallup.
— Andrew Scoggin