Economic sentiment continued to decrease over the past two weeks, with confidence in personal finances leading the drop. The Penta-CivicScience Economic Sentiment Index (ESI) fell 0.3 points to 34.9 in its most recent reading.
Three of the ESI’s five indicators decreased over the past two weeks. Confidence in personal finances fell 1.9 points to 54.4, its largest decrease since August 2022.
- Confidence in finding a new job fell 1.1 points to 40.4.
- Confidence in making a major purchase rose 0.6 points to 21.9, the highest it’s been since April 2022.
- Confidence in the U.S. economy fell 0.3 points to 35.7.
- Confidence in buying a new home rose 1.2 points to 22.4.
View the entire ESI reading here.
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