Economic sentiment posted another strong increase over the last two weeks. Two things are significant about this latest reading: it represents the biggest single-reading jump in over a year (rising 2.2 points to 37.7), and the ESI now stands at its highest value since March 1, 2022.
Just as in the last reading, all five of the ESI indicators increased over the past two weeks. Confidence in finding a new job rose the most, increasing 2.8 points to 41.6 — the largest increase since June 2023.
—Confidence in buying a new home rose 2.7 points to 22.5.
—Confidence in personal finances rose 2.0 points to 58.2 — its highest level in more than a year.
—Confidence in the overall U.S. economy rose 1.7 points to 41.2.
—Confidence in making a major purchase rose 1.4 points to 24.8.
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