Economic sentiment decreased over the past two weeks, reaching its lowest point since October 11, 2022. The Penta-CivicScience Economic Sentiment Index (ESI) fell 0.9 points to 32.1.
Four of the ESI’s five indicators decreased over the past two weeks. Confidence in finding a new job and in making a major purchase decreased the most, falling 1.9 points each, to 36.9 and 19.3 respectively.
Confidence in the overall U.S. economy fell 1.5 points to 30.8.
Confidence in buying a new home fell 0.1 points to 20.9.