The Housing Chronicles Blog: Gallup: Economic Confidence Index leaps 7 points in latest survey

Tuesday, November 28, 2017

Gallup: Economic Confidence Index leaps 7 points in latest survey

Americans' confidence in the economy spiked last week, with Gallup's U.S. Economic Confidence Index averaging +11 for the week ending Nov. 26 -- an increase of seven points from the previous reading of +4.

Last week's gain in economic confidence was more than twice as large as the average gain. This may be a result of the improving economy which, in turn, has allowed more Americans to have the resources to enjoy the holiday week by traveling or shopping. To that point, AAA estimated that the highest number of Americans traveled this past Thanksgiving week since 2005.

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