Economic sentiment decreased over the last two weeks, posting its largest single-period decrease in over a year. The Penta-CivicScience Economic Sentiment Index (ESI) dropped 1.8 points over the last two weeks to 34.1.
Four of the ESI’s five indicators decreased over the past two weeks. Confidence in finding a new job and confidence in the overall U.S. economy decreased the most, both falling 2.7 points to 35.9 and 36.3, respectively. This decline marked the largest single-period decrease for confidence in finding a new job in over a year, and the largest single-period decrease for confidence in the overall U.S. economy since May 2023.
—Confidence in personal finances decreased 2.2 points to 53.8.
—Confidence in making a major purchase decreased 1.6 points to 23.2.
—Confidence in buying a new home increased 0.4 points to 21.4.
View the full reading here. Learn more about the CivicScience Economic Sentiment Index here.
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