Consumer Confidence Rises after Bin Laden Death

Gallup’s Economic Confidence Index improved 10 percentage points in the week after Osama bin Laden’s death, May 2-8. This surge in confidence brought the Index up to -25, the highest weekly confidence level since mid-February and just three points shy of what it was during the same week in 2010. Although economic confidence was at a 2011 weekly low point of -39 during the week ending April 24, it improved to -35 the next week, just prior to the announcement of bin Laden’s death.
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