Confidence In Economy Reaches Survey High In May

Gallup’s Economic Confidence Index, which began daily tracking in January of 2008, measures Americans’ confidence in current economic conditions and their expectations for the economy’s performance going forward. In May, the index recorded its highest monthly average since tracking began. Confidence rose 3.0 percent from April, which was the best month-over-month improvement since February. The gains indicate Americans’ perception of the economy continues to improve and, though the survey was conducted prior to an uptick in the unemployment rate, follow-up polling shows confidence levels held steady following the report. According to the results, 42 percent of Americans say the economy is improving and 16 percent say it is in excellent or good shape. More here.

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