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Economic confidence highest in Minnesota for second year

Staff writer ▼ | February 1, 2016
Minnesota residents were the most positive of any state's residents about the national economy in 2015.
Minnesota
Gallup   Tracking economic confidence
In Minnesota the Economic Confidence Index score was +3. Minnesota was followed by California and Massachusetts, the only states where residents' views of the U.S. economy were more positive than negative.

This is the first year since Gallup began tracking economic confidence daily in 2008 that any states have had a positive score.

The District of Columbia, not included in the state rankings, has had positive scores since 2012, including +29 in 2015.

These results are based on interviews with more than 177,000 U.S. adults, conducted January through December 2015, as part of Gallup Daily tracking, and represent averages for the year.

Gallup conducted interviews with at least 494 residents in every state and with at least 1,000 residents in 41 states.

The Gallup Economic Confidence Index is the average of two components: Americans' ratings of current economic conditions in the U.S. and their perceptions of the economy's direction.

The index has a theoretical maximum of +100, if all adults rate current conditions positively and say conditions are improving or staying the same, and a theoretical minimum of -100, if all adults rate the economy poorly and say it is getting worse or not changing.

Nationally, Gallup's Economic Confidence Index averaged -8 in 2015, the best score in eight years of tracking economic confidence daily. The year began at a high point, with index averages occasionally reaching positive territory from January through March.

Economic confidence slowly slipped through much of the summer before stabilizing in September and through the end of the year.


 

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