The Gallup Economic Confidence Index rose six points last week to -30. While this marks the second straight week of improvement since the end of the federal government shutdown, confidence is still well below the -15 reading Gallup found in mid-September, in the weeks before the shutdown. It remains sharply lower than the -3 reached earlier this year.
The latest results are for the week ending Oct. 27, based on interviews with more than 3,500 U.S. adults. The index represents Americans’ net optimism about the economy, combining their views about current economic conditions and their perceptions of the economy’s direction. The index has a theoretical maximum of +100 if all Americans think the economy is “excellent” or “good” and improving, and a theoretical minimum of -100 if all believe the economy is “only fair” or “poor” and getting worse.