finance
Gallup Economic Confidence Index Falls 7 Points in May
The Gallup Economic Confidence Index dropped to -45 in May, its lowest level since October 2022. The three-month decline totals 25 points, and 76 percent of U.S. adults now say economic conditions are worsening.
May 25, 7:09 PM·1m read1 source
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The Gallup Economic Confidence Index fell 7 points in May to -45, the lowest reading since October 2022. The index has declined 25 points over the past three months. The 2022 low point reached -57, while the all-time low of -72 occurred in October 2008.
U.S. adults now say economic conditions are getting worse, the highest share since July 2022. Twenty percent say conditions are improving, the lowest share since April 2023. The share reporting worsening conditions exceeds the 71 percent peak recorded during the 2020 pandemic.
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