U.S. IBD/TIPP economic optimism improves to 43.1 from 41.4
Investing.com
Published Dec 03, 2013 10:03AM ET
In a report, Investor's Business Daily and TechnoMetrica Market Intelligence said their IBD/TIPP Economic Optimism Index rose to 43.1 this month from November’s reading of 41.4.
Economists had expected the index to rise 43.2 this month.
A reading above 50.0 indicates optimism, while those below 50.0 point to pessimism.
The index is 1.7 points below its 12-month average of 44.8, 1.3 points below its reading of 44.4 in December 2007 when the economy entered the recession, and 6.3 points below its all-time average of 49.4.
Following the release of the data, the U.S. dollar remained lower against the euro, with EUR/USD adding 0.31% to trade at 1.3583.
Meanwhile, U.S. stock markets remained mixed. The Dow Jones Industrial Average fell 0.25%, the S&P 500 index declined 0.1%, while the Nasdaq Composite index inched up 0.1%.
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Written By: Investing.com
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