After 2016 Summer Peak, Consumer Confidence Falls By More Than One Point

Consumer confidence fell by 1.1 points to 46.8 over the last two weeks, according to the latest reading of the HPS-CivicScience Economic Sentiment Index (ESI). The drop negated half of the gains from last report’s spike, which brought the ESI to its highest level since March 8. All five individual components of the index fell, but confidence in the U.S. economy fell most sharply with a 2.3 point drop. Notably, the three-day rolling average shows that the ESI’s drop was driven primarily by a sharp fall in consumer confidence over the past three days.

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Consumer Confidence Rebounds, Jumps Nearly One Full Point Above 2016 Average

Over the last two weeks, economic sentiment rebounded sharply after a month-long period of stagnation, according to the HPS-CivicScience Economic Sentiment Index (ESI). The 2.1 point increase to 47.9 marks the first increase in the ESI since the May 31 reading, and puts the ESI at its highest level since March 8. The ESI’s rise comes after three straight readings in which the index either tied or set a new low point for 2016, and the jump to 47.9 brings the 2016 average up to 46.99.

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Consumer Confidence Holds Steady Despite “Brexit” Induced Global Market Losses

After the last reading on June 14 saw the ESI reach its lowest point since September 9, 2014, consumer confidence began to recover during the current reading before falling sharply amidst a global market decline resulting from the United Kingdom’s decision to leave the European Union. In the end, economic sentiment among consumers remained unchanged since the last reading, according to the HPS-CivicScience Economic Sentiment Index (ESI), with the index holding steady at 45.9 points.

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Consumer Confidence Drops To Lowest Level In More Than 21 Months

Economic sentiment among consumers has descended to its lowest level in more than a year and a half, according to the HPS-CivicScience Economic Sentiment Index (ESI). Over the last two weeks, the ESI dropped 1.2 points, from 47.1 to 45.9, bringing the index down to its lowest point since the September 9, 2014 reading of 45.7. The decline erased all gains made during the previous reading on May 31, 2016, and lowers the 2016 ESI average to 47.1.

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ESI Rises Slightly As Summer Kicks Off

Consumer confidence rose slightly and recovered from its drop during the previous reading, according to the HPS-CivicScience Economic Sentiment Index (ESI). The ESI rose to 47.1, but remains well below its reading from this time last year, which was 48.8. The slight rise in consumer confidence was driven by four of the five indicators, with confidence in the labor market being the only component to fall.

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Consumer Confidence Sinks To Lowest Point Since September 2014

Consumer confidence in economic conditions worsened over the past two weeks, as the HPS-CivicScience Economic Sentiment Index (ESI) fell 0.9 points to 46.5, its lowest level since September 23, 2014. Falling confidence in four of the index’s five indicators drove the decline, and the reading moves the ESI’s 2016 average down from 47.3 to 47.2.

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