Economic confidence at 10-month low in poll

An index measuring economic confidence fell to a 10-month low in a Gallup survey released Tuesday.

Gallup’s Economic Confidence Index dropped to -14 last week, which was the lowest level recorded since last September.

The index has been on a downward trajectory since late January when the index peaked at +5, which was the highest weekly score since Gallup began tracking economic confidence in 2008.

{mosads}Since mid-March, the index has consistently been in negative territory.

Gallup’s index is the average of two factors: how the public rates the current economy and whether people feel the economy is improving or getting worse.

Last week, just under a quarter of people described the economy as “excellent” or “good” while just under a third said the economy is “poor.” Thirty-nine percent, meanwhile, said the economy is improving and 57 percent said it’s getting worse.

The survey polled 3,540 adults between July 20 to 26 with a 2 percent margin of error.