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The Economic Confidence Index is a combination of the Economic Outlook and Economic Conditions measures created by Gallup. The U.S. Economic conditions results from a rate given by Americans regarding today's economic conditions in the country, while the U.S. Economic outlook results from Americans opinion on whether economic conditions in the U.S. are betting better or worse. Both measures are obtained from telephone interviews with more than 3000 U.S. citizens. The Economic Confidence Index is simply the sum of these two measures (Economic conditions and economic outlook).
A negative value in the Economic Confidence Index indicates that more Americans have negative than positive sentiments regarding the U.S. economy. This is the case since January 2008 and the index still remains in a negative territory. As of November 15, 2010, the Economic Confidence Index value is -28; a decrease of 4 points since the beginning of the month (-24) and 8 points since the beginning of the year (-20).
The Economic Confidence Index is calculated every day and its ticker symbol is "^ECONOMIC_CONFIDENCE". This ticker symbol is automatically created the first time you execute the downloader.
Historical data of the Economic Confidence Index is available starting from March 2009 to present.
Gallup has also created several other economic indicators based on telephone interviews. These indicators include the Economic Outlook, the Economic Conditions and the Job Creation Index.
Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.
