Economic confidence in the United States, as measured by Gallup's Economic Confidence Index, rose in December 2011 to -38, to reflect more optimism than consumers have demonstrated since June 2011.
The battle in Congress over the debt ceiling extension caused the index to plummet to -52 in August 2011, putting consumer confidence at its worst level since February 2009. The improvement of the Gallup index has been steady since August, but has not matched the levels seen in the first half of 2011. Consumer confidence in December 2011 was also lower than in December 2010 or December 2099.
Confidence among different economic groups, according to Gallup:
• Upper-income consumers: the confidence index in December, 2011: -29, up from -38 in November and from -55 in August.
• Middle-income and lower-income consumers: the confidence index in December, 2011: -39, up from -46 in November and from -52 in August.
to Daily News