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The latest biweekly reading of the Penta-CivicScience Economic Sentiment Index (ESI) decreased 2.6 points to 30.8 ahead of the July FOMC meeting, driven by renewed volatility as geopolitical conflict increased energy prices and the White House announced new tariffs.
All five of the ESI’s indicators decreased during this period. Confidence in the overall U.S. economy decreased the most, falling 8.2 points to 28.0.
—Confidence in buying a new home decreased 2.2 points to 24.6.
—Confidence in personal finances decreased 1.5 points to 52.2.
—Confidence in finding a new job decreased 0.6 points to 25.9.
—Confidence in making a major purchase decreased 0.5 points to 23.2.
View the full reading here. Learn more about the CivicScience Economic Sentiment Index here.
