one in June, two in May, 14 in April, 16 in March, 15 in February and nine in January.įor the Federal Policies component, two of the 21 demographic groups tracks were above 50.0 vs. 11 in June, nine in May, 13 in April, 12 in March and 10 in January and February. 11 in June, one in May, 11 in March and April, 13 in February and nine in January.įor the Personal Financial component, 10 groups IBD/TIPP tracks were in optimistic territory vs. Optimism over the economy's six-month outlook rose for 14 groups vs. one in May, seven in March and April, four in February and zero in January. zero in May, 13 in April, 12 in March, 13 in February and eight in January.įor the Six-Month Economic Outlook component, none of the 21 groups that IBD/TIPP tracks scored in optimistic territory for a second month in a row. For a second straight month, nine groups rose vs. two in June, six in May, 10 in April, eight in March, six in February and three in January. This month, three of 21 demographic groups - such as age, income, race and party preference - that IBD/TIPP tracks were above 50.0, in positive territory, on the Economic Optimism Index. There is not a sense of all-out economic calamity, but we're a long way from the sentiment of pre-pandemic days." The same number are concerned about retirement savings. Our latest data shows that 71% are worried about maintaining their current standard of living. "The latest jobs numbers suggest another rate hike is on the way, causing some consumers to hold off on buying a home or car. "Despite the low 3.6% unemployment rate, Americans continue to lose sleep over the economy," said Raghavan Mayur, president of TechnoMetrica, who directed the poll. Its July reading of 38.5 was down from June's 38.6. Confidence in Federal Economic Policies, a proprietary IBD/TIPP measure of views on how government economic policies are working, slipped 0.3%.The Personal Financial Outlook, a measure of how Americans feel about their own finances in the next six months, fell 3.7% to a neutral reading of 50.0, down from 51.9 in June.The Six-Month Economic Outlook, a measure of how consumers feel about the economy's prospects in the next six months, rose from 34.5 in June to 35.5 in July – a 2.9% change.In July, two components declined and one increased. The flagship IBD/TIPP Economic Optimism Index has three key components. Notably, the Morals & Ethics component was 29.9 in July, the lowest reading since January 2021 (28.7), when the White House was transitioning from Trump to Biden. While every component fell in July, the Standing in the World component dropped the most, moving from 36.2 last month to 33.8 this month – a 6.6% change. The National Outlook Index continued its three-month decline, with a reading of 38.5 overall, down 3.0% from June's 39.7. The Leadership component reading remained the lowest overall at 39.9, down 4.8% from June's 41.9. The Favorability component again fell furthest, to a reading of 42.3, down from June's 44.9 – a 5.8% change. The Presidential Leadership Index declined across all components for the third consecutive month, dropping 4.6% to 41.6 overall from last month's 43.6. IBD/TIPP also surveyed respondents on key political issues for the separate Presidential Leadership Index and National Outlook Index, as well as the Financial Related Stress Index. The poll was conducted online using TechnoMetrica's network of panels to provide the sample. The IBD/TIPP Economic Optimism Index has established a strong track record of foreshadowing the confidence indicators issued later each month by the University of Michigan and The Conference Board.įor the July index, IBD/TIPP surveyed 1,341 adults July 5-7. A reading above 50.0 signals optimism and below 50.0 indicates pessimism on IBD/TIPP indexes. It now sits at its lowest point since November 2022 (40.4) and has been in negative territory for 23 consecutive months. The July index fell to 41.3, down from 41.7 in June. The IBD/TIPP Economic Optimism Index, a leading national poll on consumer confidence, today revealed a 1.0% drop from last month's reading. Every component on the Presidential Leadership and National Outlook indexes also decline Financial Related Stress again rises
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