Gallup's weekly consumer survey of economic conditions--its U.S. Economic Confidence Index--remained stuck in negative territory for the week ending March 13, logging a negative 10, within the range it has held since the year began. That means more people are pessimistic than optimistic about the economy.
Gallup staffer Justin McCarthy takes a look at the index and explains it remains significantly lower than it was a year ago, when it registered positive 1.
The Index is an average of Americans current opinion of the economy as well as their outlook of whether they believe it will improve:
For the week ending March 13, 25% of U.S. adults rated the current economy "excellent" or "good," while 28% rated it "poor." This resulted in a current conditions score of -3, remaining similar to this component's scores since mid-January. Meanwhile, the economic outlook score was -17, compared with scores between -18 and -21 since mid-January.