Economic sentiment decreased slightly in the first full reading of 2023. The Penta-CivicScience Economic Sentiment Index (ESI) fell 0.3 points to 35.2 in its most recent reading.
Three of the ESI’s five indicators decreased over the past two weeks. Confidence in buying a new home fell the most, dropping 1.5 points to 21.2.
- Confidence in finding a new job fell 1.2 points to 41.5.
- Confidence in making a major purchase fell 0.2 to 21.3.
- Confidence in personal finances rose 0.9 points to 56.3
- Confidence in the U.S. economy rose 1.0 points to 36.0.
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