The IBD/TIPP Economic Optimism Index, a pioneering national poll on consumer confidence, declined for the fourth consecutive month.
The October index fell another 3.6% after September’s 9.5% drop, moving from 48.5 last month to 46.8 this month, and remained in the negative territory for the second successive month.
For the IBD/TIPP indexes, a reading above 50.0 signals optimism and below 50.0 indicates pessimism concerning the U. S. economic performance.
The IBD/TIPP Economic Optimism Index has established a strong track record of foreshadowing the confidence indicators issued later each month by the University of Michigan and The Conference Board.
Tags IBD/TIPP Index optimism US Economy
Check Also
Gold Prices Poised for Growth in 2025 Amid Economic and Geopolitical Tailwinds
Analysts at UBS forecast sustained upward momentum in gold prices throughout 2025, driven by a …