November ECI climbed to a reading of plus 7 from October's plus 3 – the highest level since March 2017 when it was plus 9. And for the week ending November 26 which includes Thanksgiving, the index reading was plus 11, up from plus 4 in the previous week. Economic confidence rose last week among various demographic and political subgroups, including some that have been pessimistic about the economy this year.
Nearly four in 10 Americans (37 percent) described the economy as "good" or "excellent" during the latest week, while 19 percent characterized it as "poor." As a result, the current condition component rose five points to plus 18, tying its highest level since Gallup began tracking economic confidence in 2008.
The economic outlook component crossed over into positive territory for the first time since mid-August. The component rose eight points to register plus 3 over Thanksgiving week, as 49 percent of Americans said the economy was "getting better" and 46 percent said the economy was "getting worse."