Confidence in the U.S. the economy has dropped a record 54 points, from +22 to -32 in March. That’s according to Gallup’s Economic Confidence Index.
The Economic Confidence Index is a summary of how American rate current economic conditions and their perceptions of whether the economy is getting better or worse.
This represents the largest one-month change since 1992. It comes after a 19-point drop in February.
Just two months ago, economic confidence was the highest it had been in 20 years, says Gallup. Now, more Americans rate the economy as negative than positive.
As negatively as Americans view the economy, it was even worse in October 2008 (-72) just after the Great Recession.
Democrats were already more negative than positive about the economy in March. But, they are joined by independents this month.
Republicans remain slightly more positive than negative about the economy.
Americans also report being pessimistic about local business conditions.
Click on the link below to read the Gallup poll story:
Gallup: Economic Confidence Index
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