Skip to content

Economic Confidence Turns Gloomier Amid Washington’s Fiscal Profligacy

IBD/TIPP Economic Optimism Index declines again in October.


The IBD/TIPP Economic Optimism Index, a leading measure of consumer confidence, declined 1.7 points or 3.6%, from 48.5 in September to 46.8 in October. The current drop follows a steep 5.1-point decline in September.

After eight consecutive months in the positive territory, the index entered the negative territory in September.

Confidence in October is 21.7% 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


Already have an account? Sign In