This page has been archived and commenting is disabled.
Economic Confidence Hovers Near 8-Month Lows, Majority See Things Getting Worse
With Small Business Optimism cratering to 15 month lows and CFO's skepticism at 2 year lows, it is no surprise that 'average joe' is also feeling a little less confident (despite the exuberance in equity markets). Gallup's U.S. Economic Confidence Index registered at -11 this week, which marked an eight-month low for the index. While current conditions are weak, more worryingly, the economic outlook has tumbled to its lowest since October with 56% of Americans saying "the economy is getting worse."
The weekly index made significant gains in the latter half of 2014, coincident with the decline in gas prices, and peaked in January at +5. Since then, scores have generally declined, with the latest figures representing the index's lowest since late October.
The economic outlook score was also unchanged, at -16, the result of 40% of Americans saying the economy is "getting better," while 56% said it is "getting worse."
Bottom Line
Much has occurred over the past week to leave Americans' confidence in the economy depressed. On Wednesday, a technical glitch suspended trading on the New York Stock Exchange for hours, on a day marked by significant stock losses. Meanwhile, abroad, Greece gathered a lot of attention, with the country's potential exit from the eurozone possibly having economic ramifications in Europe, the U.S. and elsewhere.
However, confidence had been trending downward even before the stock market glitch and the Greek referendum on austerity, so the recent good news may help confidence only to a limited extent.
- 6575 reads
- Printer-friendly version
- Send to friend
- advertisements -




Hike, Yellen - I dare you.
Lost another keyboard to coffee on that one.
LITUV
I would say they missed that window, but it was never open.
Well, Barry colluded with Wall Street and the Fed to crush, wipe out, the Middle Class. So there's no hope of this recovery in the near future since there's no consumers.
"Getting worse". Must explain the drop in the price of gold
Yellen raising rates in September is just what the doctor ordered.
Forward - to more lies and deceptions.
Print moar bitchez! The show must go on.
No rate hike, just more qe and "market" distortions. Its going to get much worse in that regard. Until people wake the fuck up, the beatings must continue.
Sadly, the beatings will continue long after eveyone has woken up.
We will have much worse things to worry about by the September FOMC meet IMO.
Never seen such a confluence of bad things all coming to a head right about
then.Whether its Greece,HY,oil,war or something from left field, there is a shitstorm on the horizon.
These last 6 years we have been sitting in the hurricane's eye, an experience I am only too familar with.
The backside of the storm is always much worse than the leading edge, and Mr.Yellen Canute cannot
stop it.
Recovery Summer VII
Bottom line: Business Sucks.
I guess the unambiguously good gas price bonus effect has worn off .
Puerto Rico here wen come!
Fucking absurd, while oil is cratering gas prices in LA are $4.50+ and climbing.
Turn out the lights, the party's over.
today i heard a republican senator who was questioning janet yellen & jeff gundlach utter the same 2 words: NEGATIVE RATES
i don't believe in coincidence
"56% of Americans saying "the economy is getting worse."
Who the hell is this whinng ass 56%?
It's always awesome and getting awesomer here in Obozo land... A.K.A. the good 'ol USSA!
This 56% had better be careful or they will find themselves being hauled for some re-edumacation!
I ignore these polls confidently because most dont know shit.
How much further the LIE is going to go?
Until you are positively convinced that reality has in fact, been suspended.
It's no wonder why people have had it
Look at the price of gas here in New York
Oil has caved more than $12 a barrell and gas hasnt gone down one fucking penny
What's wrond with that picture?
It's no wonder why people have had it
Look at the price of gas here in New York
Oil has caved more than $12 a barrell and gas hasnt gone down one fucking penny
What's wrond with that picture?
Same in NH. 18% drop in crude, add 11+ days...gas should have dropped here over 40 cents.
Crude rises a bit and gas rises within 24 hours.
Crude drops and maybe in a month or three we'll see a drop.