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.
news.gallup.comThe 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.
Key Facts
Story Timeline
3 events- May 2026
Gallup Economic Confidence Index fell 7 points to -45.
1 source@KobeissiLetter - February 2026
Index began three-month decline totaling 25 points.
1 source@KobeissiLetter - July 2022
Previous high of 76 percent said conditions worsening.
1 source@KobeissiLetter
Potential Impact
- 01
Lower consumer confidence may reduce household spending in coming months.
- 02
Businesses could delay hiring or expansion plans amid weaker sentiment.
Transparency Panel
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