Economic Sentiment Suffers Third-Biggest Decline of Past 12 Months

Economic sentiment decreased over the past two weeks following three consecutive reading increases. The Penta-CivicScience Economic Sentiment Index (ESI) fell 1.6 points to 33.9.

All of the ESI’s five indicators decreased over the past two weeks. Confidence in the overall U.S. economy decreased the most, falling 3.3 points to 31.6 — its largest single-reading decrease since July 2022. 

—Confidence in buying a new home fell 1.9 points to 22.8.
—Confidence in personal finances fell 1.3 points to 53.0.
—Confidence in making a major purchase fell 1.2 points to 22.4.
—Confidence in finding a new job fell 0.3 points to 39.8.

View the full reading here. Learn more about the CivicScience Economic Sentiment Index here.

Want to see how our clients stay ahead of the latest consumer economic trends with real-time CivicScience insights? Work with us.