Economic sentiment increased to its highest level in over a year, driven by an over five-point jump in confidence in the U.S. economy. The latest biweekly reading of the Penta-CivicScience Economic Sentiment Index (ESI) increased by 1.1 points to 41.4.
Three of the ESI’s five indicators increased during this period. Confidence in the overall U.S. economy increased the most, rising 5.5 points to 56.7. This marks this indicator’s largest increase since July.
—Confidence in finding a new job increased 0.6 points to 42.3.
—Confidence in buying a new home increased 0.2 points to 22.8.
—Confidence in personal finances decreased 0.1 point to 59.1.
—Confidence in making a major purchase decreased 0.4 points to 26.1.
View the full reading here. Learn more about the CivicScience Economic Sentiment Index here.
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