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7 Nov 2017
US: Economic Optimism Index rises across every category in November - IBD/TIPP
"The IBD/TIPP Economic Optimism Index, a leading national poll on consumer confidence, increased across all measures in November. The overall Economic Optimism reading reached 53.6, its highest mark since March 2017 when it had a reading of 55.3," the Investor's Business Daily (IBD) TechnoMetrica Institute of Policy and Politics (TIPP) reported on Tuesday.
Key quotes
The index continues its longest stretch in positive territory in more than a decade.
The separate Presidential Leadership Index rose nine percent from October’s 36.5 reading, but remains low at 39.8, versus its long-term average of 49.5.
The National Outlook Index rose 8.1 percent to 42.9. For all of the IBD/TIPP indices, a reading below 50 indicates pessimism, while a reading above 50 signals optimism.
The Personal Financial Outlook recovered from its October slide by increasing 3.5 percent. It rose from 59.5 to 61.6.
Confidence in Federal Economic Policies saw the biggest jump. After decreasing by 9.1 percent in October, the component rose 10.5 percent in November, climbing from 42.8 to 47.3.