Economic sentiment decreased over the past two weeks. The Penta-CivicScience Economic Sentiment Index (ESI) fell 0.3 points to 35.9.
The overall drop in confidence was the result of drops in just two of the ESI’s five constituent indicators. After a significant increase last reading, confidence in making a major purchase decreased the most, falling 2.1 points to 23.4 – its largest single-reading decrease in more than a year.
—Confidence in finding a new job fell 1.9 points to 40.5.
—Confidence in buying a new home rose 0.2 points to 23.8.
—Confidence in the overall U.S. economy rose 0.7 points to 36.6.
—Confidence in personal finances rose 1.5 points to 55.1.
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