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Consumer Spending Update: Economic Confidence Drops Again, Spending Holds Steady

Friday, April 06, 2018

Following another bumpy month on the stock market and with a potential trade war with China brewing, economic confidence has fallen again this month. But it still remains well above where it was in the Obama years.

The overall Rasmussen Reports Economic Index dropped from 140.4 in March to 135.7 this month. Enthusiasm about the economy started to grow immediately following Donald Trump's election as president in November 2016. That number spiked at 145.9 in February, but even with that number dropping for two consecutive months, the latest number is among the top four findings since 2014. By comparison, in President Obama’s final years in office, this index reached a high of 121.5 in January 2015 and was at 108.1 his last month in the White House.

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The survey of 1,500 American Adults was conducted on April 2-3, 2018 by Rasmussen Reports. The margin of sampling error is +/- 2.5 percentage points with a 95% level of confidence. Field work for all Rasmussen Reports surveys is conducted by Pulse Opinion Research, LLC. See methodology.

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