Latest IBD/TIPP Poll Shows Economic Optimism Climbing, Hitting Its Highest Point Since COVID-19 Shutdown
LOS ANGELES–(BUSINESS WIRE)–The IBD/TIPP Economic Optimism Index, a leading national poll on consumer confidence, today revealed that consumer confidence is up for the third consecutive month. After climbing 2.2% in January and 3.6% in February, the index rose another 6.7% in March, moving from 51.9 last month to 55.4 this month. The index is now at its highest point since February 2020, when it had a reading of 59.8. For the IBD/TIPP indexes, a reading above 50.0 signals optimism and below 50.0 indicates pessimism.
The IBD/TIPP Economic Optimism Index has established a strong track record of foreshadowing the confidence indicators issued later each month by the University of Michigan and The Conference Board.