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The latest biweekly reading of the Penta-CivicScience Economic Sentiment Index (ESI) increased 1.2 points to 29.0, its first increase after four consecutive declines. The increase came despite accelerating inflation, mortgage rates reaching a three-year high, and renewed volatility in energy markets.
Four of the ESI’s five indicators increased during this period. Confidence in personal finances increased the most, rising 3.8 points to 50.3.
—Confidence in the overall U.S. economy increased 1.5 points to 29.5.
—Confidence in finding a new job increased 1.2 points to 25.6.
—Confidence in making a major purchase increased 0.6 points to 19.8.
—Confidence in buying a new home decreased 1.2 points to 19.7.
View the full reading here. Learn more about the CivicScience Economic Sentiment Index here.
