The IBD/TIPP Economic Optimism Index continues to run of rising optimism in the United States following Trump's triumph at the November 2016 US presidential polls.
The index - designed by the Investor's Business Daily (IBD) and TechnoMetrica Institute of Policy and Politics (TIPP) to gauge consumers' confidence on the US economic outlook - rose to a reading of 55.6 in January (a reading above 50 indicates optimism). This is the highest level in 10 years and two months (November 2006) and follows the 3.4 point surged in December 2016 to 54.8.
The survey details showed that despite easing by 0.3 points to 56.0 in January, US consumers remained optimistic about "six-month outlook" for the US economy. The personal financial outlook index increased by 2.5 points to 62.3 in January while and the index of confidence in federal economic policies rose by 0.2 point to 48.5 - still below 50 but represents the best level since February 2007.
The IBD/TIPP economic optimism survey came on the heels of similar indications from the University of Michigan consumer sentiment index (up to 98.4 in December - the highest since November 2004 - from 93.8 in November) and the NFIB small business optimism index (105.8 in December - the highest since December 2004 - from 98.4 in November).