69% Believe U.S. Economy in a Recession
The Rasmussen Consumer Index, which measures the economic confidence of consumers on a daily basis, gained two points on Monday to 72.5. Consumer confidence is up three points from a week ago but down six points from a month ago and six points from three months ago.
Sixty-nine percent (69%) of all adults believe the U.S. economy is in a recession. That’s up from 66% at the beginning of 2011.
Data for the Rasmussen Consumer Index is collected via nightly telephone interviews and reported on a three-day rolling average basis. This is the first update based entirely upon interviews conducted following Friday’s disappointing report on job creation and unemployment. Following a jobs report, it often takes a full week before the final impact on consumer confidence can be measured.
The Rasmussen Investor Index fell three points on Monday to 77.5. Investor confidence is down two points from a week ago but down 13 points from a month ago and down ten points from three months ago.
Most voters nationwide believe that government spending cuts are good for the economy.
Other data shows that hiring expectations peaked last November.
The Rasmussen Consumer Index and Investor Indexes are derived from nightly telephone surveys of 500 adults and reported on a three-day rolling average basis. The baseline for the Index was established at 100.0 in October 2001. Readings above 100.0 indicate that confidence is higher than in the baseline month. Detailed supplemental information is available for Platinum Members.
Historical data for the Consumer and Investor indexes as well as attitudes about the economy and personal finances are also available to Platinum Members.
The Rasmussen Consumer Index reached its highest level ever at 127.0 on January 6, 2004. The all-time low was reached on March 10, 2009 at 54.7.
The Rasmussen Investor Index reached its highest level ever at 150.9 on January 7, 2004. The lowest level ever measured was 52.5 on March 9, 2009.
The baseline for the Rasmussen Consumer Index was established at 100.0 in October 2001. At 72.5 , overall levels of economic confidence are significantly lower today than they were in the aftermath of the 9-11 terrorist attack.Rasmussen Reports is an electronic media company specializing in the collection, publication and distribution of public opinion polling information. We poll on a variety of topics in the fields of politics, business and lifestyle, updating our site’s content on a news cycle throughout the day, everyday.
Rasmussen Reports Platinum Members get an all-access pass to polling news, analysis and insight not available to the general public.
The current Index data is from a national telephone survey of 1,500 adults conducted by Rasmussen Reports over the past three nights. The margin of sampling error for each individual question in the survey is +/- 2.6 percentage points, with a 95% level of confidence. This survey is part of a larger series of data used to compile the Rasmussen Index on a daily basis.
Rasmussen Consumer Index: Daily Readings
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Posted: July 11, 2011