US: the index of economic optimism from IBD / TIPP rose sharply in August

The data showed that the index of economic optimism in the US, calculated by the newspaper Investor's Business Daily and research firm TechnoMetrica, rose in August by 2.9 points, or 6.4%, reaching 48.4 points. Economists had expected the index to rise to 46.2 points. It is worth emphasizing the last value is 1.6 points higher than the 12-month average (46.8 points), but still 0.6 points lower than the all time average (49.0 points). Tndex value above 50 indicates optimism, while below 50, pessimism.

Economic Optimism Index is comprised of three main components. This month, two components have improved: the sub-six-month economic outlook index rose 8.0 points, or 21.8%, to 44.7 points, while the sub-index of the personal financial outlook for the next six months rose to 0.8 points , or 1.4%, to 58.0 points. Meanwhile, the sub-index of confidence in federal economic policies fell by 0.2 points, or 0.5%, to 42.7 points.

"The economic confidence of americans rose again in August after a strong deterioration in the last month caused by concerns about the global economy after Brexit. Despite the fact that the economic recovery continues its seventh year run, the trust will continue to be shaky at best, which is reflected in the continued level of pessimism in our index. 48 percent of respondents believe that the economic situation does not improve, while 49 percent believe that improves. in addition, 59 percent of respondents said that the economy is not in recession, and 37 percent reported the opposite, "- said Raghavan Maur, president of TechnoMetrica.