Skip to content

America At A Turning Point: Economic Confidence Crushed To Smithereens As Energy Prices Rise And Inflation Fears Persist

Overall, economic confidence is gloomy as we enter the holiday season.

cover

The IBD/TIPP Economic Optimism Index, a leading measure of consumer confidence, declined 2.9 points or 6.2%, from 46.8 in October to 43.9 in November. The index started to fall in July and has dropped for five months in a row.

Confidence in November is 26.6% below its pre-pandemic level of 59.8 in February 2020.

The IBD/TIPP Economic Optimism Index is the first monthly measure of consumer confidence.

It accurately predicts monthly changes in sentiment reflected in other well-known surveys conducted by The Conference Board and the University of Michigan.

Consumer spending drives two-thirds of the economy.  Optimistic consumers spend money on automobiles, home improvements, new homes, and other large-ticket items.

The TIPP Economic Optimism Index is the most well-known of our TIPP indexes. Investor's Business Daily publishes the IBD/TIPP Economic Optimism Index every month.

Multiple factors are behind the decline of the index and its components.

This post is for paying subscribers only

Subscribe

Already have an account? Sign In

Latest