Just 10% Rate the U.S. Economy As Good or Excellent
Sunday, August 1st, 2010
Reported By Mike Zaman
Republished with permission of Rasmussen Reports
http://www.rasmussenreports.com/public_content/business/indexes/rasmussen_consumer_index/rasmussen_consumer_index
Sunday, August 01, 2010
The Rasmussen Consumer Index, which measures the economic confidence of consumers on a daily basis, inched up slightly on Sunday to 79. Confidence is up just a point from a week ago and up two points from a month ago.
The Rasmussen Investor Index, which measures the economic confidence of investors on a daily basis, gained three points today. At 87.8, confidence is up a point from last week and up three points from last month.
Aside from an uptick in optimism in April, consumer and investor confidence has returned to levels found in the beginning of the year.
Among adults nationwide, just 10% rate the U.S. economy as good or excellent while 53% rate it as poor. At the same time, just 30% say the economy is getting better these days. Fifty percent (50%) say economic conditions in the country are getting worse.
Among investors, 12% give the economy positive ratings and roughly half (48%) give it poor marks. Thirty-six percent (36%) of investors say the economy is improving, while 46% feel it is getting worse.
The Rasmussen Consumer Index and Investor Indexes are derived from nightly telephone surveys of 500 adults and reported on a three-day rolling average basis. The baseline for the Index was established at 100.0 in October 2001. Readings above 100.0 indicate that confidence is higher than in the baseline month.
The Rasmussen Consumer Index reached its highest level ever at 127.0 on January 6, 2004. The all-time low was reached on March 10, 2009 at 54.7.
The Rasmussen Investor Index reached its highest level ever at 150.9 on January 7, 2004. The lowest level ever measured was 52.5 on March 9, 2009.
The baseline for the Rasmussen Consumer Index was established at 100.0 in October 2001. At 79.0, overall levels of economic confidence are significantly lower today than they were in the aftermath of the 9-11 terrorist attacks.
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Rasmussen Reports is an electronic media company specializing in the collection, publication and distribution of public opinion polling information. We poll on a variety of topics in the fields of politics, business and lifestyle, updating our site’s content on a news cycle throughout the day, everyday. Scott Rasmussen, president of Rasmussen Reports, has been an independent pollster for more than a decade.
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