Confidence In Economy At Highest Level Since 2008

Submitted by Cheston Catalano

Economic confidence is up 11 points since last week.

At -18, the index is also on par with the highest levels seen since the start of Gallup Daily tracking in January 2008, although this has proved a difficult barrier for the index to break. The index has reached -16 or -17 just a handful of times in weekly averages, only to quickly recede.

Last week’s 11-point jump is also the biggest one-week improvement in the Gallup Economic Confidence Index since its inception, although it roughly matches the 10-point gain that occurred the week after the killing of Osama bin Laden in May 2011.

By: Cheston Catalano

Cheston Catalano is a Kentucky-based journalist whose work has been featured in the Chattanooga Times Free Press and the Clarksville Leaf Chronicle. He is a long-time contributor to Liberaland.