Gallup Poll: Confidence in US Economy Increased but Remains Negative

Gallup Poll: Confidence in US Economy Increased but Remains Negative

Americans are pessimistic about economic conditions in their country overall but less so than they were before, a report from Gallup released Thursday shows.

Gallup’s Economic Confidence Index, which summarizes Americans’ views on the current state of the economy and whether they think it is getting better or worse, increased by eight points to reach -13 this month. This reading on the index — which has a range from -100 to +100 — is the best it has been since November and is 20 points higher than when it was at its lowest point in the spring due to the coronavirus pandemic. 

The survey results also showed:

  • 20% of Americans say economic conditions are “excellent” or “good,” and 31% say they are “poor.” 
  • 39% say the economy is “getting better,” while 54% say it is “getting worse.”
  • Democrats’ confidence rating is +9, while that of Republicans is -37 and independents is -14.
  • Democrats’ confidence rating has increased by 49 points and independents’ confidence has increased by 5 points since President Joe Biden was inaugurated. Republicans’ confidence rating has dropped by 35 points since then.
  • The net rating of current economic conditions has improved among Democrats since the inauguration by 16 points to reach -14. Among Republicans it has fallen 33 points to -4, and among independents it has fallen 8 points to reach -13.
  • The net outlook rating on whether the economy is improving or worsening has risen 81 points among Democrats since January to reach +31, while among Republicans it has fallen 38 points to -70, and among independents it has risen 18 points to -14.

The poll surveyed 1,021 adults in the U.S. from Feb. 3-18 and had a margin of error of plus or minus 4 percentage points.

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