US Economic Optimism Takes a Nosedive in IBD/TIPP’s May Poll, With the Six-Month Outlook Plummeting 16.8%

May 9, 2023

The Presidential Leadership and National Outlook indexes also show significant declines as financial stress remains high.

The IBD/TIPP Economic Optimism Index, a leading national poll on consumer confidence, today revealed that economic optimism has fallen. After three consecutive months of improvement, the May index dropped 12.2% overall, with specific components exhibiting even greater percentage changes. This month’s reading of 41.6 was down from April’s 47.4. The index has now been in negative territory for 21 consecutive months. A reading above 50.0 signals optimism and below 50.0 indicates pessimism on IBD/TIPP indexes.

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