Economic sentiment rose slightly over the past two weeks, after dropping to record-lows for each of three consecutive prior readings. The HPS-CivicScience Economic Sentiment Index (ESI) increased 0.9 points to 36.7.
All but one of the ESI’s five indicators increased this week. Confidence in personal finances and confidence in making a major purchase experienced the greatest gains, rising 2.4 points to 53.1, and 1.5 points to 22.4, respectively.
- Confidence in finding a new job rose 0.9 points to 50.7.
- Confidence in the U.S. economy rose 0.2 points to 34.9.
The only indicator to decrease was confidence in the housing market, which fell 0.6 points to a new record low of 22.4.