Economic sentiment declined slightly over the past two weeks. The HPS-CivicScience Economic Sentiment Index (ESI) fell 0.1 points to 33.0, largely driven by decreases in confidence in personal finances and confidence in making a major purchase.
Three of ESI’s five indicators decreased over the past two weeks. Confidence in making a major purchase fell the most, decreasing 1.1 points to 18.9, followed by confidence in personal finances, which fell 0.9 points to 48.6.
- Confidence in the overall U.S. economy rose 1.5 points to 34.0.
- Confidence in buying a new home rose 0.5 points to 20.6.
- Confidence in finding a new job fell 0.5 points to 43.0.