In the past two weeks, economic sentiment has shown a significant increase, reaching its highest level since mid-March. The Penta-CivicScience Economic Sentiment Index (ESI) saw an impressive rise of 0.6 points to 35.3.
Two of the ESI’s five indicators showed a positive trend over the same period. Confidence in the overall U.S. economy experienced the most substantial increase, rising by 2.5 points to 41.3. Additionally, confidence in making a major purchase also saw an increase of 1.6 points to 24.1. However, confidence in personal finances remained stable at 54.7. Confidence in finding a new job decreased slightly by 0.2 points to 38.1, while confidence in buying a new home decreased by a considerable margin of 1.1 points to just 18.3.
If you want to track trends in real-time and discover hidden consumer insights that can help you drive winning market strategies, CivicScience offers an array of tools that can help you do just that! You can learn more about the Economic Sentiment Index on their website and take part in their polls to share your thoughts about the US economy’s current state.
The full reading of the Economic Sentiment Index provides valuable insights into consumer behavior and preferences, which businesses can use to make informed decisions and stay ahead of their competitors.
In summary, recent data indicates that economic sentiment is improving in the US, with two out of five indicators showing positive growth over the past two weeks