Please be sure to note *when* this spike occurred.
WASHINGTON, D.C. — Americans’ confidence in the U.S. economy reached new heights last week. Gallup’s U.S. Economic Confidence Index inched past its prior high of +11 to +13 for the week ending Jan. 22.
Americans have viewed the economy more positively since President Donald Trump’s election in November than they did in the nine years prior — largely attributable to improved confidence among Republicans. Gallup’s index climbed three points each of the previous two weeks to reach the most recent weekly average of +13. This includes a reading of +15 in the latest three-day rolling average — the highest in Gallup’s trend — based on Jan. 20-22 interviewing conducted after Trump’s inauguration.
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.