Story Highlights
- After improvements in early 2024, sentiments took negative turn in April and May
- Both index components are at lowest level since November
- Government, immigration and economy remain top-mentioned U.S. problems
WASHINGTON, D.C. — Gallup’s Economic Confidence Index registered -34 in May, reflecting further deterioration in how Americans assess the economy’s current state as well as its trajectory.
The index had improved significantly from -40 in November to -20 in March, before falling to -29 in April.
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Gallup’s Economic Confidence Index summarizes Americans’ evaluations of current economic conditions (as excellent, good, only fair or poor) and their outlook for the economy (whether they believe it is getting better or worse).
The index has a theoretical range of +100 (if all Americans rate current conditions as excellent or good and say the economy is getting better) to -100 (if all Americans rate the economy as poor and say it is getting worse). In Gallup’s trend of these measures since 1992, the highest ECI score was +56 in January 2000, and the lowest was -72 in October 2008.
The latest results were collected in a May 1-23 Gallup poll, which shows that confidence in the economy did not improve despite…
