Economic sentiment recovered slightly over the past two weeks, in the wake of the debt ceiling deal. The Penta-CivicScience Economic Sentiment Index (ESI) rose 0.2 points to 34.1.
The overall increase in confidence was driven by jumps in just two of the ESI’s five indicators. Confidence in the overall U.S. economy increased the most, rising 1.7 points to 33.3 — its second-largest single-reading increase of the year.
—Confidence in buying a new home rose 0.2 points to 23.0.
—Confidence in making a major purchase fell 0.1 points to 22.3.
—Confidence in personal finances fell 0.4 points to 52.6.
—Confidence in finding a new job fell 0.5 points to 39.3.
View the full reading here. Learn more about the CivicScience Economic Sentiment Index here.
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