Gallup: US Economic Confidence Index Hit New High in January

Via Gallup

Americans’ confidence in the U.S. economy remained strong in January. Gallup’s U.S. Economic Confidence Index averaged +11, the highest monthly average in Gallup’s nine-year trend. However, the index has been slightly lower so far in February.

Gallup's U.S. Economic Confidence Index

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.

However, the index’s high point did not last. The three-day averages have since dipped to smaller single-digit scores, including a +8 average for Feb. 3-Feb. 5.

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.