WASHINGTON, D.C. — Americans’ confidence in the economy declined slightly last week, driven by their worsening views of the economy’s direction. Gallup’s U.S. Economic Confidence Index score for the week ending June 19 was -15, down from -12 the week before, but still roughly similar to readings since early April.
Overall, confidence remains lower than it was in the first half of 2015, when plummeting gas prices boosted Americans’ confidence. Gallup’s U.S. Economic Confidence Index is averaging -12 so far in 2016, a drop from the average of -8 for 2015, but slightly better than the averages for 2014 (-15) and 2013 (-16). Confidence remains significantly higher than it was in the years during and immediately after the Great Recession, when it averaged -37 from 2008 to 2010.