According to Gallup, as the fiscal battles in Washington intensified last month and the federal government inched closer to its first shutdown in 17 years, Americans' confidence in the economy deteriorated. Gallup's Economic Confidence Index slid to minus 19 in September from minus 13 in August, the worst monthly average since minus 19 in September 2012.
Gallup's Economic Confidence Index is based on two components: Americans' assessments of current economic conditions in the United States and their perceptions of whether the economy is getting better or worse. Americans' net economic outlook score fell to minus 18 last month from minus 11 in August, while their net current conditions score slipped to minus 19 in September from minus 14. Consumers' economic outlook grew particularly pessimistic in the latter half of the month as the likelihood of a government shutdown increased.