US EditionEconomic confidence slips: Gallup
Gallup's Economic Confidence Index fell to -30 amid federal shutdown and market volatility, with holiday gift spending dropping to $778, the largest year-over-year decline recorded.
- Gallup reported that its Economic Confidence Index fell seven points to-30 last month, the lowest since July 2024, based on ReconMR interviews with a random sample of 1,321 U.S. adults.
- Protracted federal government shutdown, stock-market volatility and labor market uncertainty coincided with November readings, with about two-thirds of interviews conducted before the shutdown ended on Nov. 12.
- About 68% of respondents said the economy is getting worse, and 27% said it is improving, according to Gallup's survey released on Thursday.
- American consumers now expect to spend an average of $778 on holiday gifts, down $229 from $1,007 in October; Gallup said this midseason decline surpasses the $185 drop in 2008, though only 29% plan to spend less than last year.
- Optimism about jobs dropped eight points, the most negative Gallup has recorded since January 2021, as most interviews preceded the delayed September jobs report showing 119,000 nonfarm payroll jobs added and 4.4% unemployment.
10 Articles
10 Articles
Americans’ Confidence In Economy Plummets To 17-Month Low
by Ireland Owens at CDN - Americans’ confidence in the U.S. economy plummeted to a 17-month low in November, according to a Gallup survey released on Thursday. Gallup’s Economic Confidence Index declined seven points to -30 in November, marking the lowest reading since -35 in July 2024. The survey also found that just 21% of respondents rated the current state of … Click to read the rest HERE-> Americans’ Confidence In Economy Plummets To 17-Mon…
Economic confidence slips: Gallup
Americans’ confidence in the economy slipped in November to negative 30, according to the latest Gallup poll, the lowest level recorded since July 2024. Gallup’s Economic Confidence Index — which combines Americans’ assessments of current economic conditions and the economic outlook — dipped 7 points from negative 23 in October, after standing at negative 20…
Economic Confidence Slips to 17-Month Low, Holiday Spending Plans Weaken
A new Gallup poll shows that U.S. consumer confidence deteriorated sharply in November, falling to its weakest level in 17 months as households contended with a protracted federal government shutdown, volatile financial markets, cooling job prospects, and renewed inflation anxiety. The gloomier mood—reflected in Gallup’s Dec. 4 poll and aligning with several other major sentiment surveys—coincided with a pullback in Americans’ holiday spending p…
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