Economic sentiment increased slightly over the past two weeks, hanging on to a period of relative elevation that began in mid-June. The Penta-CivicScience Economic Sentiment Index (ESI) rose 0.1 points to 36.0.
Three of the ESI’s five indicators increased over the past two weeks. After experiencing its second-biggest drop of 2023 last reading, confidence in finding a new job improved the most this reading, rising 1.9 points to 42.4.
—Confidence in making a major purchase rose 0.4 points to 23.8.
—Confidence in buying a new home rose 0.1 points to 23.9.
—Confidence in the overall U.S. economy fell 0.8 points to 35.8.
—Confidence in personal finances fell 1.1 points to 54.0.
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