Confidence Slipping

The Gallup Economic Confidence Index registered -27 in August, matching the prior monthly low for the year, recorded in January. August's reading is essentially the same as July's -26; still, confidence has now slid 10 percentage points from the four-year high of -17 recorded in May.

Despite the recent decline, confidence in August remains significantly brighter than a year ago; in August 2011 it was -52 after turmoil on Wall Street and Capitol Hill over raising the U.S. debt ceiling. It is also slightly better than in August 2010 (-32) but on par with August 2009 (-25). Confidence hit its lowest level in Gallup Daily tracking, -60, in October 2008. . . .

http://www.gallup.com/poll/157259/americans-economic-confidence-august-ties-2012-low.aspx?utm_source=tagrss&utm_medium=rss&utm_campaign=syndication