Economic Sentiment Falls, Driven by Falling Confidence in Making a Major Purchase

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.

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

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