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The latest biweekly reading of the Penta-CivicScience Economic Sentiment Index (ESI) ahead of the midterms increased 0.6 points to 29.6, continuing its rebound from the previous period. This increase comes amid conflicting economic signals, with stronger-than-expected third-quarter GDP growth alongside rising inflation and a stock market selloff.
All five of the ESI’s indicators increased during this period. Confidence in the overall U.S. economy increased the most, rising 1.6 points to 31.1.
—Confidence in making a major purchase increased 0.8 points to 20.6.
—Confidence in finding a new job increased 0.7 points to 26.3.
—Confidence in buying a new home increased 0.2 points to 19.9.
—Confidence in personal finances increased 0.1 points to 50.4.
View the full reading here. Learn more about the CivicScience Economic Sentiment Index here.
