The IBD/TIPP Economic Optimism Index is the earliest take on consumer self-confidence each month and anticipates with good reliability monthly changes in belief in widely known surveys by The Conference Board and the University of Michigan. The IBD/TIPP Economic Optimism Index is based upon a survey of 1,200 grownups carried out using a network of online panels. The nationwide survey is usually performed in the first week of the month.
The IBD/TIPP Economic Optimism Index is made up of three subindexes, consisting of one for the participant’s outlook six months into the future, the respondent’s personal monetary outlook, and how the respondent views present federal policies. The goal each month is to offer as accurate a reading of the present state of the economy as possible.