Economic sentiment increased sharply over the past two weeks. The Penta-CivicScience Economic Sentiment Index (ESI) rose 2.0 points to 36.9, the largest single-reading increase since July 2022 and the highest reading since March 2022.

All five of the ESI’s indicators increased over the past two weeks, the first time all indicators have moved in positive unison since November 2022. Confidence in buying a new home improved the most, increasing 2.5 points to 24.9.

—Confidence in personal finances rose 2.4 points to 56.8.
—Confidence in finding a new job rose 1.9 points to 42.3.
—Confidence in making a major purchase rose 1.5 points to 23.4.
—Confidence in the overall U.S. economy rose 1.4 points to 37.1.

See the full reading here.

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