zerohedge.com / by Tyler Durden / Feb 7, 2017 1:49 PM
Another month, another all time high in Americans’ confidence in the US economy.
In its latest, January report, Gallup found that Americans’ confidence in the U.S. economy averaged +11, the highest monthly average in Gallup’s nine-year trend. Some of January’s three-day averages also marked new highs in Gallup’s tracking since 2008. The index peaked at +19 for the Jan. 21-23 three-day average after President Donald Trump’s inauguration and shortly before the Dow Jones industrial average hit a new high.
January’s +11 score marks the third consecutive month the index has been in positive territory. This is a new feat for an index that has had mostly negative monthly measures since its inception, except for January and February 2015. Gallup’s U.S. Economic Confidence Index is the average of two components: how Americans rate current economic conditions and whether they feel the economy is improving or getting worse. The index has a theoretical maximum of +100 if all Americans were to say the economy is doing well and improving, and a theoretical minimum of -100 if all Americans were to say the economy is doing poorly and getting worse.
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