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The latest biweekly reading of the Penta-CivicScience Economic Sentiment Index (ESI) increased 2.1 points, following the release of strong first-quarter GDP data, despite inflation pressures and uncertainty at the Federal Reserve.
Three of the ESI’s five indicators increased during this period. Confidence in the overall U.S. economy rose the most, increasing 2.1 points from 26.2 to 28.3.
—Confidence in making a major purchase increased 0.9 points to 20.4.
—Confidence in finding a new job increased 0.8 points to 24.2.
—Confidence in buying a new home decreased 0.7 points to 24.3.
—Confidence in personal finances decreased 1.0 point to 47.5.
View the full reading here. Learn more about the CivicScience Economic Sentiment Index here.
