Economic sentiment jumped significantly over the past two weeks, marking the second-straight rise in economic sentiment. The HPS-CivicScience Economic Sentiment Index (ESI) rose 3.7 points to 34.1, the first time all five indicators have increased in one session this year.
All five of the ESI’s indicators rose over the past two weeks. Confidence in the overall U.S. economy rose the most, increasing 5.5 points to 33.6, the largest single jump of the past twelve months.
- Confidence in personal finances rose 5.1 points to 51.5.
- Confidence in finding a new job rose 3.0 points to 45.3.
- Confidence in buying a new home rose 2.6 points to 21.2.
- Confidence in making a major purchase rose 2.5 points to 19.0
While confidence in the overall U.S. economy rose the most, confidence in personal finances and finding a new job remained the highest indicators, continuing a trend of consumers feeling more positive about their own personal situations compared to the economy as a whole.