Economic Confidence Index

STORY HIGHLIGHTS

  • 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.

https://news.gallup.com/poll/348959/economic-confidence-positive-first-time-pandemic.aspx

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