Category: Information and Insights

Consumer economic sentiment saw its second consecutive decline in the wake of a drawn-out election and rapidly climbing COVID-19 cases. The latest reading of the HPS-CivicScience Economic Sentiment Index (ESI) showed a drop of 2.2 points to 47.8, most of which occurred after election day according to the three-day moving average. This ties with a… Continue reading Post-Election Economic Sentiment Plunges Amid Worsening Pandemic

Consumer economic sentiment saw its first decline in over two months as the country experiences an uptick in new COVID-19 cases, averaging 71,000 new cases a day over the past week. The latest reading of the HPS-CivicScience Economic Sentiment Index (ESI) declined 1.3 points to 50.0, marking its first drop in confidence since August 18… Continue reading Economic Sentiment Declines As The Country Faces A “Third Wave”

Overall economic sentiment held steady over the course of a turbulent early October. After a two-week stretch during which the President contracted COVID-19, the odds of a Democratic electoral sweep grew, and the prospects of renewed economic stimulus were revived, the HPS-CivicScience Economic Sentiment Index (ESI) hung on at 51.5. Click here to view image.… Continue reading Economic Sentiment Steady After Turbulent Two Weeks

Economic sentiment continued its steady climb over the past two weeks, increasing for the third straight reading. The HPS-CivicScience Economic Sentiment Index (ESI) jumped up 0.8 points to 51.3, driven largely by a boost in confidence in the job market and the U.S. economy. This reading is the third highest for the U.S. economy indicator… Continue reading Economic Sentiment Chugs Upwards For The Third Straight Reading

Economic sentiment posted a modest increase over the past two weeks, following a significant spike in late August. The HPS-CivicScience Economic Sentiment Index (ESI) inched upwards by 0.5 points to 50.5, driven largely by a boost in confidence in making a major purchase. Click here to view image. The ESI’s five indicators posted somewhat differing… Continue reading Economic Sentiment Continues Rally, Posts Modest Increase

After several months of fluctuations, economic sentiment saw a significant improvement over the past two weeks, climbing back to early March levels when the economy began to shut down due to the COVID-19 pandemic. The HPS-CivicScience Economic Sentiment Index (ESI) jumped by 3.4 points to reach 50.0, driven by an even larger increase in confidence… Continue reading Economic Sentiment Closes Out The Summer With Massive Uptick

Economic sentiment trended downward over the past two weeks, reversing course from last reading’s surprising increase. The HPS-CivicScience Economic Sentiment Index (ESI) fell modestly, dropping 0.5 points to 46.6. Despite increases in confidence in the job market and the overall economy, economic sentiment fell on the whole, led by a significant decline in confidence in… Continue reading Economic Sentiment Loses Momentum Following Unexpected Rebound

Economic sentiment rebounded over the past two weeks, as the U.S. reported the smallest daily rise in COVID-19 infections in weeks, and hopes for a potential vaccine increased. The HPS-CivicScience Economic Sentiment Index (ESI) posted a positive gain for the first time since early June, jumping 3.1 points to 47.1. All five of the ESI’s… Continue reading Economic Sentiment Defies Expectation, Sees First Rebound Since Early June

Economic sentiment continues to drop as U.S. COVID-19 cases keep rising and states reimpose restrictions. The HPS-CivicScience Economic Sentiment Index (ESI) declined for the third consecutive reading, dropping 2.2 points to 44.0. The index now stands at its lowest level since mid-April, when the country faced the initial spike in U.S. COVID-19 infections and accompanying… Continue reading Economic Sentiment Steepens Decline, Returning To April Levels

The HPS-CivicScience Economic Sentiment Index (ESI) continued last reading’s decline, dropping 1.6 points to 46.2. The four week-long decline follows on the heels of a massive increase of confidence at the beginning of June as the economy began to fully reopen. Since then, there have been large spikes in new cases in states across the… Continue reading Economic Sentiment Continues To Tumble As The Virus Spreads And States Reimpose Restrictions