Latest News:  


U.S. economic confidence climbs to five-year high: Gallup

By Matthew Rusling (Xinhua)

10:04, May 22, 2013

WASHINGTON, May 21 (Xinhua) -- Last week saw Americans express more confidence in the U.S. economy than in any week since Gallup started tracking daily economic confidence in 2008, according to its poll released Tuesday.

The Gallup Economic Confidence Index surged to -5 last week from -11 the previous week, in a score that beats the previous high of -8, reached two weeks ago and in early February.

The high point comes as U.S. stock prices hit record highs and unemployment in April declined to its lowest level since December 2008, Gallup said.

The survey is separate from the broadly recognized Conference Board Consumer Confidence report, which measures how U.S. consumers feel about the state of the economy.

Additional improvements were seen in the previously moribund housing sector, with home prices up and gas prices generally lower than they were last year, which likely boosted economic confidence, Gallup found.

The Gallup Economic Confidence Index was -22 in the first week of the year as Congress and U.S. President Barack Obama reached a deal to avoid the "fiscal cliff," and it steadily improved to -8 in the week ending Feb. 3, Gallup said.

The Index fell sharply in the first week of March to -22 as leaders in Washington failed to reach an agreement to avoid budget sequestration cuts, but has generally trended upward in most weeks since early March, Gallup reported.

The index had not been positive since Gallup began tracking economic confidence in January 2008 and, in a broad sense, Americans had not been positive toward the economy since late 2006 and early 2007, Gallup said.

In another first, Americans' weekly perceptions of the economy's direction are more positive than negative for the first time since Gallup began tracking economic confidence daily.

Forty-nine percent of Americans now say the economy is getting better and 47 percent say it is getting worse.

However, Americans' assessments of current economic conditions remain more negative than positive, with 20 percent saying current economic conditions are excellent or good and 32 percent saying they are poor, Gallup found.

We Recommend:

The man of mystery opens up

Silkworm breeding in S China

Hot atmosphere at Shenzhen underwear fair

2013 Qingdao Int'l Auto Show kicks off

Chinese women don't take Buffett's advice on gold

Asia’s largest amusement park demolished

Email|Print|Comments(Editor:ChenLidan、Gao Yinan)

Leave your comment0 comments

  1. Name


Selections for you

  1. Chinese navy's landing ships in training

  2. Electronic warfare unit in drill

  3. Tornadoes hit U.S. state of Oklahoma

  4. Reality of migrant workers' sexual needs

  5. China’s weekly story (2013.5.11-5.17)

  6. Explosion kills 13 in China's Shandong

  7. Creative house made of paper boxes

  8. THR's International Artist of the Year

  9. 12 Asian business women

  10. Surplus workers in rural areas will be 'zero'

Most Popular


  1. Preserving culture hurts
  2. Chinese premier's India trip to evince Beijing's unwavering pursuit of better ties
  3. AP probe embodies tension between US govt, media
  4. Protectionism no painkiller for Europe
  5. Culture key to sustainable development
  6. Ten white papers, road to human rights protection
  7. Teen's tragedy reveals child abuse problems
  8. People with depression show disrupted brain 'clock'
  9. iPad obsession hurting child's development
  10. Positive signs in Europe hard won

What’s happening in China

China’s weekly story

  1. Love hunters hired by China's richest bachelors
  2. Netizens question official's 'rocket promotion'
  3. Wrongly jailed man wants more compensation
  4. Tobacco ads on new media light up debate
  5. Earthquake may force new census of panda