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The latest biweekly reading of the Penta-CivicScience Economic Sentiment Index (ESI) fell by 0.8 points, from 32.5 to 31.7, after the Federal Reserve cut interest rates by a quarter of a percentage point.
Two of the five ESI indicators decreased during this period. Confidence in the overall US economy decreased the most, declining 3.8 points to 30.6.
—Confidence in finding a new job decreased 3.7 points to 25.6.
—Confidence in making a major purchase increased 0.3 points to 25.1.
—Confidence in personal finances increased 1.4 points to 51.9.
—Confidence in buying a new home increased 1.8 points to 25.0.
View the full reading here. Learn more about the CivicScience Economic Sentiment Index here.
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