According to a recent Gallup Poll, Americans' confidence in the
economy held steady in June, despite U.S. stock prices registering a monthly
decline for the first time this year. The results for June are based on Gallup
Daily tracking interviews, conducted by landline and cellphone, with more than
15,000 Americans.
Gallup's Economic
Confidence Index is based on two components: Americans' assessments of current
economic conditions in the United States and their perceptions of whether the
economy is getting better or worse. Americans remain more negative than
positive toward the U.S economy's current state and future momentum.
Gallup's Economic
Confidence Index averaged -8 in June, on par with -7 in May -- the highest
monthly score since Gallup began tracking economic confidence daily in January
2008.
While U.S. stock
prices declined in June, the Dow and S&P still had their best performances
in the first half of the year since the late 1990s. Higher stock prices this
year and increased optimism about housing prices have likely
contributed to Americans' growing confidence.
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