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  • Latest IBD/TIPP Poll Shows Economic Optimism Sees Little Improvement One Month After Freefall

    06/06/2023 8:12:35 AM PDT · by ConservativeInPA · 4 replies
    Benzinga ^ | June 6, 2023 | Business Wire
    The IBD/TIPP Economic Optimism Index, a leading national poll on consumer confidence, today revealed that economic optimism rose a cautious 0.2% in June after last month's 12.2% drop. This month's reading of 41.7 was up overall from May's 41.6. The index has now been in negative territory for 22 consecutive months. A reading above 50.0 signals optimism and below 50.0 indicates pessimism on IBD/TIPP indexes. 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.