Gallup Economic Confidence Reading Holding Low

Unlike other confidence readings that are climbing, Gallup's reading is holding at lows, at minus 14 in September vs August's minus 13. The report cites losses in the stock market and disappointing jobs data as negatives, offset by low prices at the gas pump. For current conditions, 24 percent of the sample rates the economy as excellent or good vs 31 percent rating it as poor. For expectations, 38 percent say the economy is getting better vs 58 percent who say it's getting worse.  

Definition:
The Gallup Economic Confidence Index (ECI) is a broad indicator of Americans' confidence in national economic conditions, comparable to the Conference Board's Consumer Confidence Index and the Thomson Reuters/University of Michigan Consumer Sentiment Index