Economic sentiment remained steady over the holiday period and into the new year. The Penta-CivicScience Economic Sentiment Index (ESI) stayed at 35.5 in its most recent reading, after increasing steadily between the beginning of October and mid-December.
Two of the ESI’s five indicators decreased over the past two weeks. Confidence in the US economy fell the most, dropping 2.1 points to 34.8, its third decrease in a row as we enter into the new year.
- Confidence in personal finances fell 0.9 points to 55.4, its first decrease since early October.
- Confidence in making a major purchase rose 0.1 to 21.5.
- Confidence in finding a new job rose 1.1 points to 42.7.
- Confidence in buying a new home rose 1.5 points to 22.7, its highest level since September.