Economic confidence fell to 108.9 in this month’s Rasmussen Reports Economic Index, down nearly 10 points from June, the second consecutive monthly decline.
Enthusiasm about the economy surged under former President Trump, reaching as high as 147.8 in January 2020 before tumbling after the coronavirus lockdown threw Americans out of work and closed many businesses. By November, it had recovered to 126.4, but dropped sharply in the three months after President Biden was elected. The index fell to 97.8 in February before beginning a three-month rebound that took the index to 123.7 in May, but has declined again the past two months.
The survey of 1,500 American Adults was conducted July 1 and 5, 2020 by Rasmussen Reports. The margin of sampling error is +/- 2.5 percentage points with a 95% level of confidence. Field work for all Rasmussen Reports surveys is conducted by Pulse Opinion Research, LLC. See methodology.
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