On June 5, Gallup released the poll results titled “U.S. Economic Confidence Up in May, Steady Last Weekend.” The subtitle is “Confidence improved to -17 in May, the highest monthly average in over four years."
Three of the most notable excerpts:
Gallup's Economic Confidence Index averaged -17 in May, improved over the -20 averages recorded in March and April, and the highest monthly average since Gallup began Daily tracking in January 2008.
also:
Both components of the index -- Americans' ratings of current economic conditions and their perceptions of whether the economy is getting better or getting worse -- improved slightly in May. The -11 economic outlook rating reflects 42% of Americans saying the economy is improving and 53% saying it is getting worse. At the same time, 16% of Americans say the economy is in excellent or good shape, while 39% consider it poor, resulting in a -23 current conditions rating.
also:
The three-percentage-point increase in Americans' economic confidence in May is the best one-month change since February, and restores confidence's upward trajectory that started last fall.
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The Special Note summarizes my overall thoughts about our economic situation
SPX at 1274.54 as this post is written
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