RTTNews - According to a new Gallup Poll released Monday, consumers' mood towards the economy dropped slightly last week as stocks faltered and gas prices continued to rise.
The poll, which surveyed 1,000 adults, showed that 49% of Americans rate the economy as poor. This compares to the 47% from the last poll. It is also the highest percentage since the week ended April 26.
Meanwhile, the number of Americans who find the economy in excellent or good shape remained at the 10% seen in the previous poll. Last year at this time, 16% found the economy in excellent or good shape.
The number of Americans who feel the economy is heading in the wrong direction also increased, with 60% saying they feel the economy is getting worse as compared to the 57% from the previous survey. Still, this is better than the 87% that felt the economy was getting worse during the same time last year.
The previous poll showed that 38% of Americans felt the economy was getting better. This time around, that number dropped to 34%.
In terms of spending, the poll found that Americans spend an average of $64 per day in stores, restaurants, gas stations and online purchases. The average in the last poll was $58 per day.
Finally, the poll showed that the number of Americans who said their companies were hiring remained at the 23% level found in the last poll, though still down from the 38% during the same week last year.
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