Public confidence in the U.S. economy declined in November, reaching a score of negative 30 on Gallup’s Economic Confidence Index—the lowest point since July 2024. The index, which measures Americans’ views on current economic conditions and future expectations, fell by 7 points from October’s reading of negative 23, continuing a downward trend after a brief recovery earlier in the year. n nThe current figure marks the weakest performance since the index stood at negative 35 in July 2024. When President Trump assumed office in January, the index was at negative 19 and has largely remained in the negative teens throughout his second term. It briefly improved to negative 14 in June after dipping to negative 20 in March and negative 22 in April. n nSentiment about the present economic climate worsened, with only 21 percent of U.S. adults describing conditions as excellent or good, down from 24 percent the previous month. Meanwhile, 40 percent characterized the economy as poor, up from 37 percent in October. Outlooks for the future also dimmed: 27 percent believed the economy was improving, a drop from 31 percent in October, while 68 percent said it was getting worse. n nDespite the current pessimism, the index has previously reflected more positive sentiment. The highest mark in the past five years was +41, recorded in February 2020 during Trump’s first term, just before the pandemic. The lowest point was negative 58, reached in June 2022 under President Biden. n nThe survey, conducted from November 3 to 25, included responses from 1,321 adults and carries a margin of error of ±4 percentage points. n
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Economic confidence slips: Gallup
Americans’ confidence in the economy slipped in November to negative 30, according to the latest Gallup poll, the lowest level recorded since July 2024. n nGallup’s Economic Confidence Index — which combines Americans’ assessments of current economic conditions and the economic outlook — dipped 7 points from negative 23 in October, after standing at negative 20 in September and August of this year. n nNovember revealed the index’s worst showing since July 2024, when it stood at negative 35. The index was negative 19 when President Trump took office in January and has hovered in the negative teens for most of his second term. n nThe index dipped to negative 20 in March and to negative 22 in April, before bouncing back the following month and peaking at negative 14 in June. n nThe decline in the index is reflected in Americans’ worsening moods about the current and future state of the economy. n nThe share of U.S. adults who describe current economic conditions as excellent or good dipped to 21 percent in November, down slightly from 24 percent in October. Meanwhile, 40 percent say economic conditions are poor, up from 37 percent last month. n nPeople are becoming less optimistic about the economy’s prospects, according to the latest polling. In November, 27 percent of adults said the economy is getting better, down from 31 percent in October. Just more than two-thirds of respondents, at 68 percent, say the economy is getting worse. n nThe index did not always reflect a pessimistic view of the U.S. economy. The highest level recorded over the last five years was positive 41, in February 2020, during President Trump’s first term, right before the pandemic. n nThe lowest level recorded over the last five years was negative 58 in June 2022, when former President Biden was in office. n nThe survey was conducted Nov. 3 to 25 among 1,321 adults. The margin of error is 4 percentage points.