Economic Sentiment Dips to Its Lowest Point This Year

U.S. Economic sentiment decreased over the last two weeks, falling for the third consecutive reading to its lowest point since December. The Penta-CivicScience Economic Sentiment Index (ESI) decreased 1.2 points over the last two weeks to 34.5.

Four of the ESI’s five indicators decreased over the past two weeks. Confidence in personal finances decreased by 3.5 points, falling to 53.2, marking that indicator’s largest single-period decrease in over a year.

—Confidence in finding a new job fell 1.3 points to 36.4.
—Confidence in making a major purchase fell 1.3 points to 24.1.
—Confidence in the overall U.S. economy fell 0.8 points to 36.6.
—Confidence in buying a new home rose 1.1 points to 22.5.

View the full reading here. Learn more about the CivicScience Economic Sentiment Index here.

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