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Gallup’s Economic Confidence Index* registered -5 for March marking the first negative monthly score this year. This is down from readings of +3 in January and + 1 in February.
Gallup observes that the before February’s reading the Index had climbed steadily for six consecutive months. Gallup notes that the slight shift downward in the last two months indicates a clear shift in the public’s mindset. Gallup adds that although partisanship is tied to economic confidence it doesn’t explain the current decline.
*The Gallup Economic Confidence Index is the average of two components: Americans’ views on the current economic situation and their perceptions of whether the economy is getting better or worse. The theoretical high is 100, if all Americans were to say the economy is “excellent” or “good” and that it is getting better; the theoretical low is -100, if all Americans were to say the economy is “poor” and getting worse
To read the full Economic Confidence Index visit Gallup.
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