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The latest biweekly reading of the Penta-CivicScience Economic Sentiment Index (ESI) decreased 0.4 points to 30.6 despite the release of a strong jobs report, the confirmation of a new Fed Chair, and a U.S.-China trade and investment agreement.
Four of the ESI’s five indicators decreased during this period. Confidence in buying a new home and confidence in personal finances both decreased by 1.9 points, falling to 23.7 and 49.0, respectively.
—Confidence in making a major purchase decreased 0.6 points to 22.6.
—Confidence in the overall U.S. economy decreased 0.6 points to 30.4.
—Confidence in finding a new job increased 3.0 points to 27.4.
View the full reading here. Learn more about the CivicScience Economic Sentiment Index here.
