Economic sentiment fell over the last two weeks, marking the fifth decline out of the last six readings. The HPS-CivicScience Economic Sentiment Index (ESI) decreased 0.7 points to 36.0.
All but one of the ESI’s five indicators decreased this week. Confidence in buying a new home declined the most, falling 1.7 points to 20.7, a new record low.
- Confidence in making a major purchase fell 1.4 points to 21.0.
- Confidence in finding a new job fell 0.6 points to 50.1.
- Confidence in the U.S. economy fell 0.4 points to 34.5.
The only indicator to improve was confidence in personal finances, which rose 0.4 points to 53.5.
