Economic sentiment posted a huge increase this period, rising to its highest point in over a year. The latest biweekly reading of the Penta-CivicScience Economic Sentiment Index (ESI) increased by 2.3 points to 40.3, driven by a huge jump in confidence in finding a new job.
All five of the ESI’s indicators increased during this period. Confidence in finding a new job increased the most, rising 6.2 points to 41.7. This marks this indicator’s largest increase since June 2020.
—Confidence in the overall U.S. economy increased 2.1 points to 51.2.
—Confidence in personal finances increased 1.4 points to 59.2.
—Confidence in making a major purchase increased 1.0 points to 26.5.
—Confidence in buying a new home increased 0.7 points to 22.6.
View the full reading here. Learn more about the CivicScience Economic Sentiment Index here.
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