March economic confidence index (ECI) averaged plus 9 for the third month of 2017. Weekly readings of the index, however, show that confidence was strongest in early March after massive gains in the Dow in February. More recent index readings in March have been slightly positive, but are much lower than the high scores from early March.
Americans' economic confidence has remained positive overall for 20 straight weeks -- since the week after the presidential election in November -- making it the longest positive streak since Gallup began tracking the measure.
One-third of U.S. adults described economic conditions as "excellent" or "good," while 20 percent rated them as "poor." This resulted in the current conditions score of plus 13 for the month -- the same as in February.
Meanwhile, 49 percent of U.S. adults said economic conditions were "getting better," while 45 percent said they were "getting worse," resulting in an economic outlook score of plus 4 -- similar to February's plus 3 for this component.
As Gallup has previously noted, the 2016 election dramatically affected economic confidence, with Republicans becoming largely positive in their views of the economy and Democrats becoming negative.