Story Highlights
- Economic Confidence Index drops to -45 from -39
- Confidence down because of poorer ratings of current conditions
- Inflation ties government as most important problem facing the U.S.
WASHINGTON, D.C. — Gallup’s Economic Confidence Index measured -45 in May, down from -39 in each of the previous two months. It is the lowest reading in Gallup’s trend during the coronavirus pandemic, and likely the lowest confidence has been since the tail end of the Great Recession in early 2009.
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Gallup’s Economic Confidence Index is a summary measure of Americans’ perceptions of current economic conditions and their outlook for the economy. It has a theoretical range of +100 (if all respondents say…
