Economic sentiment increased over the past two weeks, the third-straight rise. The Penta-CivicScience Economic Sentiment Index (ESI) rose 0.4 points to 33.4, driven by the largest increase in confidence in the U.S. economy in over a year.
Two of the ESI’s five indicators increased over the past two weeks. Confidence in the overall U.S. economy improved the most, increasing 5.5 points to 39.5, its highest level since the first week of January.
- Confidence in personal finances rose 0.5 points to 51.6.
- Confidence in finding a new job fell 1.7 points to 40.0.
- Confidence in buying a new home fell 1.5 points to 18.5
- Confidence in making a major purchase fell 0.8 points to 17.4.