Measures of consumer confidence continue to be mixed. Gallup's measure remains on the downside. According to Gallup's latest survey, Americans remained more negative than positive last month about economic conditions in the U.S. The Gallup Economic Confidence Index averaged minus 13 in August, similar to the minus 12 in July. The current score is down from minus 7 in May, which was the highest monthly reading since Gallup began tracking economic confidence daily in 2008.
Americans' net current conditions score was unchanged last month, at minus 14, and their net economic outlook score of minus 11 was down slightly from minus 9 in July. The six-point decline in the overall index during the past four months is almost entirely due to the deterioration of Americans' economic outlook, rather than their evaluation of current economic conditions. Americans' outlook rating has fallen 10 points since May, while the current conditions rating has slipped three points.