Economic sentiment rallied heading into Thanksgiving and Black Friday weekend, on the back of a blockbuster jump in confidence in the overall US economy. The Penta-CivicScience Economic Sentiment Index (ESI) increased 1.7 points to 33.7 after having fallen to its lowest point in over a year last reading.
Four of the five ESI indicators increased over the past two weeks. Confidence in the overall U.S. economy increased the most, rising 5.4 points to 36.5 — its largest increase in more than a year.
—Confidence in personal finances rose 2.5 points to 54.3.
—Confidence in making a major purchase rose 1.0 points to 21.2.
—Confidence in finding a new job rose 0.1 points to 38.4.
—Confidence in buying a new home fell 0.7 points to 17.7 — its lowest point in over a year.
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View the full reading here. Learn more about the CivicScience Economic Sentiment Index here.
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