Economic Sentiment Continues Downward Trend Despite Highest Job Market Confidence Since 2018

Overall economic sentiment fell a full point to 49.3 over the past two weeks, according to the HPS-CivicScience Economic Sentiment Index (ESI). Confidence in the job market soared to its highest level since 2018, but it wasn’t enough to overcome a drop in confidence in the housing market, personal finances, and the overall U.S. economy.… Continue reading Economic Sentiment Continues Downward Trend Despite Highest Job Market Confidence Since 2018

After Autumn Tumble, Economic Sentiment Makes Slight Recovery

Overall economic sentiment recovered slightly after six consecutive weeks of decline. During the past two-week stretch marked by optimism about a COVID-19 vaccine, the HPS-CivicScience Economic Sentiment Index (ESI) inched upwards 1.3 points to 45.7. Click here to view image. There was contradicting movement among the ESI’s five indicators over the past two weeks. Making… Continue reading After Autumn Tumble, Economic Sentiment Makes Slight Recovery

Timber! Consumer Confidence Plummets Across All Indicators

Consumer confidence fell quickly over the past two weeks, according to the HPS-CivicScience Economic Sentiment Index (ESI). Despite last reading’s surge, the ESI fell from its peak by 1.2 points to 53.3. The steep decline was the result of sagging confidence across the board, but driven by a significant drop in confidence towards the labor… Continue reading Timber! Consumer Confidence Plummets Across All Indicators