A Gallup poll released Tuesday found that American confidence in the economy is holding steady … which isn’t really good news.
For the week ending June 8, the Economic Confidence Index registered -14, virtually the same as the -13 average from the previous week. That earlier negative number was actually tied for the most positive result in 2014.
Gallup, which has facilities in Princeton, averages two figures to get the confidence number: Americans’ opinions on the current economy and their ideas of whether the economy is improving or worsening.
The scale ranges from 100 to -100, theoretically, and has been in the negative numbers since Gallup started the daily polling in 2008.
Gallup said about one in five Americans, or 21 percent, see the economy as excellent or good, while more than one in three, or 35 percent, see it as poor. That difference results in the weekly rating of -14. The remaining 44 percent view the economy as fair.
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