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- U.S Economic Optimism Index rose 3.8 percent in October with an overall reading of 57.8
U.S Economic Optimism Index rose 3.8 percent in October with an overall reading of 57.8
The IBD/TIPP Economic Optimism Index, a leading national poll on consumer confidence, rose 3.8 percent in October with an overall reading of 57.8. The positive uptick is notable as it comes after last month's index dropped across every component. The October index also marked 25 consecutive months that the Economic Optimism Index has spent in positive territory. An index reading below 50 indicates pessimism while above 50 signals optimism for the IBD/TIPP indexes.
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