- Economic Confidence Index +2 in April
- First time in positive territory since early March 2020
- Majority confident in Biden’s ability to handle the economy
WASHINGTON, D.C. — Gallup’s Economic Confidence Index registered a score of +2 in April, the first time it has been net positive since early March 2020, just before then-President Donald Trump declared a national emergency amid rising coronavirus infections. The U.S. entered a brief but severe recession as business activity slowed amid stay-at-home orders, with the index dropping to -32 in early April.
Americans’ economic evaluations improved in the ensuing months, staying just inside negative territory at -1 immediately after the presidential election. Confidence slumped again amid rising COVID-19 infections and deaths in the U.S., dropping back to -21 in January, before improving in each of the past three months, including a nine-point increase this month.