Gallup Survey Finds Economic Confidence Increasing

A new survey from Gallup finds economic confidence in America increasing. On the eve of President Obama’s third State Of The Union, Gallup’s index is at -25 in the week ending January 22. That is an increase from -29 the week before and the best rating since May of 2011. It is also an improvement of 29 points since September of 2011.

Gallup explains that “The Gallup Economic Confidence Index is an average of two components: Americans’ ratings of current economic conditions and their outlook for the economy.”

Dennis Jacobe, Chief Economist for Reuters notes, “U.S. economic confidence continues to improve, consistent with recent modest improvement in unemployment, positive news on jobless claims, and the general perception that the overall U.S. economy is getting slightly better.”