Economic sentiment decreased over the past two weeks, possibly marking the end of a period of relatively high sentiment that began in mid-June. The Penta-CivicScience Economic Sentiment Index (ESI) fell 1.4 points to 34.0 —the third-largest decline of the year.
All of the ESI’s five indicators decreased over the past two weeks. Confidence in making a major purchase decreased the most, falling 2.7 points to 21.7 — its largest single-reading decrease in more than a year.
—Confidence in the overall U.S. economy fell 2.3 points to 33.1.
—Confidence in finding a new job fell 1.0 points to 39.9.
—Confidence in personal finances fell 0.4 points to 53.7.
—Confidence in buying a new home fell 0.2 points to 21.5.
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