Economic Sentiment Falls for the First Time Since October 2022

Economic sentiment decreased slightly in the first full reading of 2023. The Penta-CivicScience Economic Sentiment Index (ESI) fell 0.3 points to 35.2 in its most recent reading.

Three of the ESI’s five indicators decreased over the past two weeks. Confidence in buying a new home fell the most, dropping 1.5 points to 21.2.

• Confidence in finding a new job fell 1.2 points to 41.5.
• Confidence in making a major purchase fell 0.2 to 21.3.
• Confidence in personal finances rose 0.9 points to 56.3
• Confidence in the U.S. economy rose 1.0 points to 36.0.

Click here to view the full reading.

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