Economic sentiment posted a huge increase over the last two weeks, rising to its highest point in over a year. The Penta-CivicScience Economic Sentiment Index (ESI) rose 2.7 points to 37.2.
Notably, confidence in the overall U.S. economy skyrocketed 8.0 points to 46.7—the biggest single-reading jump of any indicator in the ESI’s 11-year history. Including confidence in the overall U.S. economy, four of the ESI’s five indicators increased over the past two weeks.
—Confidence in finding a new job increased 4.3 points to 39.8.
—Confidence in making a major purchase increased 1.0 points to 24.0.
—Confidence in buying a new home increased 0.6 points to 19.7.
—Confidence in personal finances decreased 0.1 points to 56.0.
View the full reading here. Learn more about the CivicScience Economic Sentiment Index here.
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