Following a slight increase last period, the Penta-CivicScience Economic Sentiment Index (ESI) fell by 3.7 points to 35.7, propelled by a major decline in confidence in the U.S. economy. This represents the ESI’s largest decrease in over a year.
Four of the ESI’s five indicators decreased during this two-week period. Confidence in the overall U.S. economy decreased the most, falling 7.6 points to 40.6. This represents this indicator’s largest, single period decline since November 2020.
—Confidence in finding a new job decreased 5.0 points to 45.7.
—Confidence in personal finances decreased 5.0 points to 54.2.
—Confidence in making a major purchase decreased 1.4 points to 26.0.
—Confidence in buying a new home increased 0.8 points to 22.1.
View the full reading here. Learn more about the CivicScience Economic Sentiment Index here.
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