WASHINGTON, D.C. — Americans’ confidence in the U.S. economy improved in July, with Gallup’s Economic Confidence Index rising seven points to +29. The latest index is the highest Gallup has measured since February.
Americans’ confidence in the economy may have received a boost from a strong June jobs report delivered by the U.S. Department of Labor midway through Gallup’s polling period of July 1-12. Additionally, the month of June saw massive gains in the U.S. stock market, with the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite all reaching new highs in early July. The Dow cracked the 27,000 mark for the first time in history just before the end of Gallup’s polling period.