U.S. Economic Confidence Down
Posted Aug 25, 2010 at 9:01 AM by Maurice Berger
According to Gallup, "after improving slightly earlier this month, Gallup's Economic Confidence Index declined over the past two weeks to its current -33, matching the average for all of July. The July confidence numbers are the lowest of the year so far; thus, even with the slight uptick in early August, confidence remains below the levels seen during much of 2010 and below its depressed levels of a year ago. 48% of Americans rated current economic conditions as 'poor' during the week ending Aug. 22 -- approaching the highest levels of the year. This is marginally worse than the early August reading, is in line with the full July average of 47%, and is marginally worse than at this time in 2009."
