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- US economic optimism from IBD / TIPP rose slightly in November
US economic optimism from IBD / TIPP rose slightly in November
The data showed that economic optimism index in the US, calculated by the newspaper Investor's Business Daily and research firm TechnoMetrica Institute of Policy and Politics, rose in November by 0.1 points, or 0.2%, reaching 51.4 points. Analysts expect that figure to drop to 48.7 points. The index value above 50 indicates optimism, while below 50, pessimism. Now the index is 3.9 points higher than the 12-month average (47.5) and 7.0 points higher than in December 2007, when the economy has entered a recession. The average value of the index on record is 49.0 points.
The sub-index of the six-month economic outlook rose 1.8 points, or 3.6%, to 52.2 points, while the sub-index of the personal financial outlook for the next six months decreased by 1.0 points, or 1.7% , reaching 58.9 points. Meanwhile, the sub-index of confidence in federal economic policies fell 0.4 points, or 0.9%, to 43.1 points.
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