Gallup Reports Highest Economic Confidence in December Since June

Uploaded by FinancialNewsOnline on Jan 3, 2012

Gallup is reporting that Americans' economic confidence continued to improve in December. Gallup's Economic Confidence Index reached -38 as consumers expressed more optimism in December than at any time since June. However, the numbers show that consumers remain less confident than they were earlier in 2011 and in December of the previous two years. Gallup says U.S. economic confidence plummeted in August during debt ceiling debates in Washington. The Economic Confidence Index fell to -52, the worst since February 2009. Since then, the Gallup Index has improved but has not recovered to earlier 2011 levels.