As the coronavirus closes many businesses and takes the stock market on a thrill ride, confidence in the U.S. economy plunged, dropping a staggering 45 points from last month to 94.6 in the Rasmussen Reports Economic Index. This is the lowest finding in six years of surveying and four points below the April 2014 baseline.
With the coronavirus and falling oil prices battering the economy, economic confidence dropped four points this month with the Rasmussen Reports Economic Index hitting 140.0. This is the lowest finding since October after confidence had spiked to a five-year high in January.
After spiking to a five-year high in January, economic confidence fell back four points this month with the Rasmussen Reports Economic Index hitting 143.9. But it still remains in record high territory.
The economy continues to wow this month with the Rasmussen Reports Economic Index hitting 147.8 in January, up 3.5 points from last month and smashing through the five-year high.
Americans are feeling better than ever about the economy. The Rasmussen Reports Economic Index hit 144.3 in December, up one point from last month and just shy of the five-year peak reached early last year.
As overall confidence in the economy continues to hover near record highs, Americans are now feeling it in their wallets as well with sentiments on their own personal finances and anticipated spending shattering previous highs.
The Rasmussen Reports Economic Index held steady at 139.4 in October, virtually unchanged from last month and still among all-time highs to date.
The Rasmussen Reports Economic Index held steady at 140.8 in September, virtually unchanged from last month and still among 2019's highs to date.
The Rasmussen Reports Economic Index dropped to 140.9 in August, down nearly four points from last month but still among 2019's highs to date.
The Rasmussen Reports Economic Index jumped to 144.5 in July, up over nine points from last month and just shy of its all-time high in February 2018.
The Rasmussen Reports Economic Index dropped to 136.0 in June, down seven points from last month and the lowest finding since February.
The Rasmussen Reports Economic Index climbed to 143.4 in May, up three points from last month and the highest finding this year.
The Rasmussen Reports Economic Index dropped to 140.5 in April, down two points from last month but still ranking with 2018’s highs.
The Rasmussen Reports Economic Index climbed to 142.4 in March, up seven points from last month and ranking with 2018’s highs.
With the five-week government shutdown behind us, the Dow Jones Industrial Average working its way back up to October’s all-time high and the unemployment rate still near record lows, consumers are smiling once again.
Following a rocky few months on Wall Street and the partial government shutdown at the end of December, consumer confidence struggles to keep up the enthusiasm felt throughout 2018.
Although 2018 didn’t end with the same fervor of economic confidence that we saw at the beginning of the year, the final numbers are certainly nothing to sneeze at.
The recent ups and downs of the stock market have done little to sway Americans’ confidence in the economy, but they're a little less upbeat about the direction of their own personal finances.
With the release of last week’s jobs report reflecting a near 50-year low for unemployment, consumer confidence has started to rise once again.
Consumer confidence appears to have plateaued, but it remains at record highs.
