Economic sentiment posted a strong increase to kick off 2024. The Penta-CivicScience Economic Sentiment Index (ESI) jumped 1.2 points to 35.5 over the past two weeks, rising to its highest point since July 2023.
All five of the ESI indicators increased over the past two weeks. Confidence in the overall U.S. economy rose the most, increasing 3.8 points to 39.5 — the second-largest single-reading increase in over a year.
—Confidence in making a major purchase rose 1.5 points to 23.4.
—Confidence in finding a new job rose 0.3 points to 38.8.
—Confidence in personal finances rose 0.3 points to 56.2.
—Confidence in buying a new home rose 0.5 points to 19.8.
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