U.S. IBD/TIPP Economics Optimism Index rose 1.6 points to 58.0 in August
U.S. IBD/TIPP Economics Optimism Index rose 1.6 points to 58.0 in August, from July's 56.4, and easily beats the 13-year high of 56.7 from February (data collected between July 26 to August 2). Indeed, this is the strongest reading since January 2004. The economic outlook component jumped to 56.8 from 53.4. The personal finances index improved to 65.1 versus the prior 62.8 and it's the second best print over the 18 years of the survey. The outlook on Federal policies declined to 52.1 after surging 4.6 points to 52.9 in July, with popularity among Republicans (79.6%) and much less so from Democrats (24.8%). However, Independents have climbed to 51.2, the highest in over 10 years. Also, the 6-month economic index rose 3.4 oints to 56.8, though is still just below the 13 year high of 57.5 from February. The 6-month personal finances index increased 2.3 points to 65.1 and is just below the all-time high of 65.3 from January 2004.