“The Economic Optimism Index, a leading national poll on consumer confidence, rose another 4.6 percent to 56.4 in July, continuing its record run. The index has now spent 22 consecutive months in positive territory, remaining above 50 since October 2016,” the Investor’s Business Daily (IBD) TechnoMetrica Institute of Policy and Politics (TIPP) announced on Tuesday.
Key highlights from the official publication
- The Presidential Leadership Index rose across all measures to yield an overall reading of 44.3, which is up 7.8 percent from last month’s reading of 41.1.
- Notably, the individual Leadership component is at its highest point (47.2) since February 2017, shortly after President Trump took office, while the Favorability (42.6) and Job Approval (43.2) components are at their highest levels since March 2017.
- The National Outlook Index rose 1.7 percent to 46.7, despite modest declines on the Quality of Life,
- The Financial Related Stress Index rose slightly to 51.6, a 1.0 percent increase (a higher stress index indicates more stress).
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