Gallup's U.S. Economic Confidence Index averaged plus 11, the highest monthly average in Gallup's nine-year trend. However, the index has been slightly lower so far in February. The index peaked at plus 19 for the Jan. 21 to 23 three-day average after President Donald Trump's inauguration and shortly before the Dow Jones hit a new high. However, the index's high point did not last. The three-day averages have since dipped to smaller single-digit scores, including a plus 8 average for Feb. 3 to Feb. 5.
January's plus 11 score marks the third consecutive month the index has been in positive territory. This is a new feat for an index that has had mostly negative monthly measures since its inception, except for January and February 2015.
In January, 31 percent of Americans rated the economy as "excellent" or "good," while 21 percent said it was "poor," resulting in a current conditions score of plus 10 -- marking the highest monthly reading for this component since 2008. The economic outlook component also reached a new high score of plus 11 in January. This score was the result of 52 percent of Americans saying economic conditions in the country were "getting better," while 41 percent said they were "getting worse."