Economic sentiment increased again over the past two weeks — its third consecutive hike following multiple large drops in March and early April. The Penta-CivicScience Economic Sentiment Index (ESI) rose one point to 35.5.
All of the ESI’s five indicators increased over the past two weeks. Confidence in the overall U.S. economy improved the most, rising 3.5 points to 34.9 — its largest single-reading increase since November 2022.
—Confidence in buying a new home rose 1.1 points to 24.7.
—Confidence in finding a new job rose 0.4 points to 40.1.
—Confidence in making a major purchase rose 0.1 points to 23.6.
—Confidence in personal finances rose 0.1 points to 54.3.
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