The IBD/TIPP Economic Optimism Index in the US fell to 47 in June, the lowest since September of 2016. It is the weakest reading under President Trump's administration as Americans turned more pessimistic about their personal finances (-3.1 to 49.8) and the federal policies subindex sank 5.1 points to 48.7. The outlook for the US economy was nearly unchanged (42.4 from 42.3), even as states let businesses reopen, employment jumped and the coronavirus stock market rally kept running. Also, there's an unusually large gap between how self-described stock-market investors and noninvestors feel about the outlook for the US economy, with stock market investors modestly optimistic (52.8) and non investors deeply pessimistic (42.1). Among income groups, only those earning above $75,000 remain optimistic (51.3). Pessimism is greatest among those earning below $30,000 (42.7) as job losses have been concentrated in lower-wage industries.
Economic Optimism Index in the United States averaged 49.93 from 2001 until 2020, reaching an all time high of 62.90 in March of 2002 and a record low of 35.80 in August of 2011. This page provides the latest reported value for - United States IBD/TIPP Economic Optimism Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States IBD/TIPP Economic Optimism Index - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Technometrica Market Intelligence/The Investor's Business Daily
Economic Optimism Index in the United States is expected to be 51.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Economic Optimism Index in the United States to stand at 49.00 in 12 months time. In the long-term, the United States IBD/TIPP Economic Optimism Index is projected to trend around 49.00 in 2021 and 50.00 in 2022, according to our econometric models.