Economic sentiment increased over the past two weeks, the first time this year it has increased four readings in a row. The Penta-CivicScience Economic Sentiment Index (ESI) rose 1.4 points to 34.8, the largest increase since July and the fourth consecutive rise.
Four of the ESI’s five indicators increased over the past two weeks. Confidence in buying a new home improved the most, increasing 3.6 points to 22.1, its largest increase in more than a year.
- Confidence in making a major purchase rose 3.0 points to 20.4.
- Confidence in finding a new job rose 1.5 points to 41.5.
- Confidence in personal finances rose 1.3 points to 52.9.
- Confidence in the overall U.S. economy fell 2.3 points to 37.2.