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Economic sentiment continued to weaken as the latest biweekly reading of the Penta-CivicScience Economic Sentiment Index (ESI) fell 0.2 points to 27.8, its fourth straight biweekly decline and a new record low.
Two of the ESI’s five indicators decreased during this period. Confidence in personal finances decreased the most, falling 2.6 points to 46.5.
—Confidence in finding a new job decreased 0.6 points to 24.4.
—Confidence in making a major purchase remained unchanged at 19.2.
—Confidence in buying a new home increased 0.6 points to 20.9.
—Confidence in the overall U.S. economy increased 1.8 points to 28.0.
View the full reading here. Learn more about the CivicScience Economic Sentiment Index here.
