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The latest biweekly reading of the Penta-CivicScience Economic Sentiment Index (ESI) decreased 0.9 points to 30.1, as consumers faced persistent inflation, rising borrowing costs, and continued uncertainty in energy markets.
All five indicators decreased during this period. Confidence in making a major purchase decreased the most, falling 1.7 points to 22.5.
—Confidence in the overall U.S. economy decreased 1.5 points to 26.9.
—Confidence in finding a new job decreased 1.1 points to 26.7.
—Confidence in buying a new home decreased 0.1 points to 24.3.
—Confidence in personal finances decreased 0.1 points to 50.1.
View the full reading here. Learn more about the CivicScience Economic Sentiment Index here.
NOTE: A backend issue resulted in a shift in the percentages of the Economic Sentiment Index. The issue has been corrected with the above representing the final data.
