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Latest IBD/TIPP Poll Shows Economic Optimism Drops Again; Now at Lowest Level Since September 2015
The IBD/TIPP Economic Optimism Index, a leading national poll on consumer confidence, fell by 6.4% in July. The index’s reading of 44.0 has dropped nearly 10 points, or 18.37%, in the last four months. It is now at its lowest point since September 2015. This also places the index in negative territory for the fourth consecutive month. For the IBD/TIPP indexes, a reading below 50.0 indicates pessimism. The IBD/TIPP Economic Optimism Index has established a strong track record of foreshadowing the confidence indicators issued later each month by the University of Michigan and The Conference Board. IBD/TIPP surveyed ... (full story)