Gallup: US economic confidence falls to lowest since January.

by Fariborz-Zak Posted 2012/07/18 06:51:30

Related Topics: Government, American, Economy, Reading, Fall, Ratings, Americans, Adults, 6, Condition, Gallup, 16, 18, Similar

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	I believe this	3 votes	75%
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	maybe	1 vote	25%
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Gallup's U.S. Economic Confidence Index averaged -27 for the week ending July 15, down four points from -23 each of the prior two weeks. This extends a gradual decline in confidence that has been underway since late May, when the index was at a four-year best of -16.

The index was nearly this low a month ago -- at -26 in mid-June -- and now stands at the lowest weekly average since late January of this year.

The latest weekly average is based on 3,421 national adults interviewed as part of Gallup Daily tracking from July 9-15. This represents the first full week of interviewing after the government's July 6 jobs report was issued, showing weak job growth in June.

Both components of the index worsened in the last week, with Americans' perceptions of the economy's direction falling most sharply -- to -23 from -18 -- the lowest for that component since January. Ratings of current economic conditions dipped to -30 from 27, similar to previous low readings as recently as June and March. Gallup

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EricJM 2012/07/18 08:16:39

maybe

Seems like the same recycled story brought up every 10 years or so. I'm in NYC, and we're(friends, family, small businesses) doing well.

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HarleyCharley 2012/07/18 06:53:16 (edited)

I believe this

+1
we are going back into a recession...

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