July 7, 2015 Gallup Poll Results On Economic Confidence – Notable Excerpts

On July 7, 2015 Gallup released the poll results titled “U.S. Economic Confidence Index Holds at Seven-Month Low.”

Notable excerpts include:

Gallup's U.S. Economic Confidence Index was essentially steady in June, averaging -8 for the month. This is statistically tied with May's -7 score, keeping the index at its lowest monthly reading since November.

also:

Gallup's Economic Confidence Index is the average of two components: Americans' ratings of current economic conditions and whether they feel the economy is improving or getting worse.

The economic outlook component score was -11 in June, based on 42% of Americans saying the economy is getting better and 53% saying it is getting worse. This is similar to the -10 found in May, and is the lowest monthly economic outlook score in Gallup Daily tracking since October.

Meanwhile, the current conditions score in June was -4 -- the same as in May -- based on 25% of Americans saying the economy is "excellent" or "good" and 29% calling it "poor."

Here is an accompanying chart of the two components (Sub-Indexes) of the Gallup Economic Confidence Index, discussed above:

Here is an accompanying chart of the Gallup Economic Confidence Index:

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The Special Note summarizes my overall thoughts about our economic situation

SPX at 2060.33 as this post is written