Americans' confidence in the economy retreated in April, with Gallup's Economic Confidence Index averaging -14 for the month, down from -10 in March.

The high point in confidence in Gallup's eight-year tracking trend occurred in January 2015, when the monthly index averaged +3, while the low point was -60 in October 2008. Gallup's U.S. Economic Confidence Index has a theoretical range of -100 to +100, with positive scores indicating Americans are more positive than negative about the economy. Scores have been primarily negative since 2008, although confidence has been much less negative in recent years than it was during the Great Recession.

Although the U.S. labor market remains strong and U.S. stock values are high, there are still questions about how strong the economy is. The government's recently released gross domestic product estimates indicate the economy barely grew in the first quarter of 2016, with retail spending especially weak. First quarter growth was also weak in 2014 and 2015, but those disappointing figures came amid particularly bad winter weather in many parts of the country; however, this year's winter brought milder temperatures.

Source: Gallup Poll www.gallup.com

Fur Industry News - Worldwide
by RB Media Group
Posted: June 7, 2016

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