Investor Confidence Falls to 2010 Low Friday, July 09, 2010
The Rasmussen Investor Index, which measures the economic confidence of investors on a daily basis, feel six points on Friday to its lowest level of 2010. At 77.5, investor confidence is down seven points from the beginning of the year and down twenty-eight points from the 2010 high water mark reached in May.
Investor confidence hasn’t been this low since July 28, 2009.
The Rasmussen Consumer Index, which measures the economic confidence of consumers on a daily basis, dropped three points on Friday, falling to its lowest reading since January 15. At 72.8, the Consumer Index is down five points from the beginning of the year and is now just one point above the 2010 low.
Among all adults nationwide, just 9% rate the economy as good or excellent, down three points from the beginning of the year. A quarter (23%) of adults feel economic conditions in the country are getting better, an eight point decline since the year began.
Among investors, 9% rate the economy as good or excellent and 26% believe the economy is getting better. Fifty-five percent (55%) of investors believe the economy is getting worse.
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The Rasmussen Employment Index, a monthly measure of worker confidence, slipped a point in June after reaching a multi-year high the month before.
The Rasmussen Consumer Index and Investor Indexes are derived from nightly telephone surveys of 500 adults and reported on a three-day rolling average basis. The baseline for the Index was established at 100.0 in October 2001. Readings above 100.0 indicate that confidence is higher than in the baseline month. Detailed supplemental information is available for Premium Members. Historical data for the Consumer and Investor indexes as well as attitudes about the economy and personal finances are also available to Premium Members.
