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The latest biweekly reading of the Penta-CivicScience Economic Sentiment Index (ESI) increased 1.5 points to 32.3—partially reversing the decline in the previous period—despite persistent inflation and signs of a weakening labor market.
Four of the ESI’s five indicators increased during this period. Confidence in the overall U.S. economy increased the most, rising 3.4 points to 31.4.
—Confidence in finding a new job increased 3.1 points to 29.0
—Confidence in buying a new home increased 1.7 points to 26.3.
—Confidence in making a major purchase increased 0.6 points to 23.8.
—Confidence in personal finances decreased 1.2 points to 51.0.
View the full reading here. Learn more about the CivicScience Economic Sentiment Index here.
