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The latest biweekly reading of the Penta-CivicScience Economic Sentiment Index (ESI) decreased by 0.7 points to 30.6 as the longest government shutdown in U.S. history ended on November 12. The ESI declined past the previous yearly low of 30.9 (from two periods ago) to reach the lowest level recorded since July 2022.
Four of the ESI’s five indicators decreased during this period. Confidence in finding a new job decreased the most, falling 2.2 points to 24.5.
—Confidence in making a major purchase decreased 1.8 points to 21.6.
—Confidence in buying a new home decreased 0.3 points to 24.9.
—Confidence in personal finances decreased 0.1 points to 49.1.
—Confidence in the overall U.S. economy increased 1.1 points to 33.1.
View the full reading here. Learn more about the CivicScience Economic Sentiment Index here.
