The latest biweekly reading of the Penta-CivicScience Economic Sentiment Index (ESI) fell sharply by 2.2 points, from 34.7 to 32.5, ahead of the September meeting of the Federal Open Markets Committee (FOMC).
All five of the ESI’s indicators decreased during this period. Confidence in buying a new home decreased the most, declining 3.2 points to 23.2. This marks this indicator’s largest single-period loss in over a year.
—Confidence in the overall U.S. economy decreased 3.1 points to 34.4.
—Confidence in making a major purchase decreased 1.9 points to 24.8.
—Confidence in personal finances decreased 1.7 points to 50.5.
—Confidence in finding a new job decreased 1.3 points to 29.3.
View the full reading here. Learn more about the CivicScience Economic Sentiment Index here.
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