Economic Optimism Moves to ‘Neutral’

By Staff Writer November 10, 2022 210

The IBD/TIPP Economic Optimism Index, a leading national poll on consumer confidence, revealed that consumer confidence has slipped to neutral. November’s Economic Optimism Index declined by 9.4% overall, putting it right at 50.0. For the IBD/TIPP indexes, a reading above 50 signals optimism and below 50.0 indicates pessimism. The index was in a strong position leading into November, thanks to its significant rise (22.7%) in October.

IBD/TIPP surveyed 1,324 adults from November 4 to November 6. Due to COVID-19, the poll was conducted online using TechnoMetrica’s network of online panels to provide the sample.

Financial stress increased by 2.6% in November. The Financial Related Stress Index moved from 65.0 last month to 66.7 this month. The reading continues to keep the index above 50.0. A reading over 50.0 equals more financial stress while a reading below 50.0 would indicate consumers feel less stress. This index has been above 50.0 since March.

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Last modified on Thursday, 10 November 2022 01:53