Economic sentiment slightly increased over the past two weeks, the first increase in sentiment in back-to-back readings this year. The Penta-CivicScience Economic Sentiment Index (ESI) rose 0.2 points to 34.5. Three of the ESI’s five indicators increased over the past two weeks. Confidence in buying a new home grew the most, rising 0.9 points to […]
Economic Sentiment Increases After a Month of Decline
Economic sentiment increased over the past two weeks, for just the second time this year. The Penta-CivicScience Economic Sentiment Index (ESI) rose 1.0 points to 34.3, after a brutal drop in sentiment between mid-February and the end of March. Four of the ESI’s five indicators increased over the past two weeks. Following its largest single-reading […]
Confidence in Job Market Sees Biggest Drop Since March 2020
Economic sentiment dropped again over the past two weeks as unease about the banking system persisted. The Penta-CivicScience Economic Sentiment Index (ESI) fell 1.9 points to 33.3, the largest drop in the overall index since July 2022. Leading the decline was a collapse in confidence in finding a new job—an especially notable development since confidence […]
Consumer Sentiment Drops in Wake of SVB Collapse
Economic sentiment dropped in a two-week span that saw the failures of three U.S. banks, driven by a significant fall in confidence in the overall U.S. economy. The Penta-CivicScience Economic Sentiment Index (ESI) fell 1.3 points to 35.2, its largest fall since mid-October. Four of the ESI’s five indicators decreased over the past two weeks. […]
Economic Sentiment Falls After Last Reading’s Record Bump
Economic sentiment slightly decreased over the past two weeks. The Penta-CivicScience Economic Sentiment Index (ESI) fell 0.4 points to 36.5. Three of the ESI’s five indicators decreased over the past two weeks. Confidence in personal finances fell the most, dropping 1.6 points to 55.2. —Confidence in the overall U.S. economy fell 1.2 points to 35.9, […]
Economic Sentiment Jumps Sharply, Reaching Highest Level Since March 2022
Economic sentiment increased sharply over the past two weeks. The Penta-CivicScience Economic Sentiment Index (ESI) rose 2.0 points to 36.9, the largest single-reading increase since July 2022 and the highest reading since March 2022. All five of the ESI’s indicators increased over the past two weeks, the first time all indicators have moved in positive […]