Magic Number of the Day: -17

Photograph by Scott Eells/Bloomberg

A shopper in New York on March 27, 2012.

That’s the Gallup Economic Confidence Index for the week ended March 25. It’s the highest level for the index since the Princeton, New Jersey-based polling organization began daily tracking of economic confidence in January 2008.

The index, which measures how respondents feel about current economic conditions and whether the economy is improving or worsening, was -18 for the weeks ended March 11, 2012 and Feb. 13, 2011. It was as low as -65 for the week ended Oct. 12, 2008, less than a month before President Barack Obama’s election.

Other surveys point to growing public optimism about the economy. Thirty-four percent of Americans say the economy is improving, according to the Bloomberg Consumer Comfort Index for the week ended March 18. The next weekly survey will be released tomorrow.

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