Consumer Confidence Reaches Highest Level Since January 2015

Economic sentiment among consumers jumped again over the past two weeks to a level not seen since January 2015, according to the HPS-CivicScience Economic Sentiment Index (ESI). Consumer confidence rose 2.9 points, up from 48.4 to 51.3, after a 1.5 point increase during the previous reading, for a total increase of 4.4 points during the month of November. The most recent jump was primarily driven by increased confidence in the labor market and brings the ESI’s 2016 average to 47.2.

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Consumer Confidence Highly Volatile After Election

Consumer confidence increased 1.5 points during the past two weeks to 48.4, according to the HPS-CivicScience Economic Sentiment Index (ESI). However, the index’s three-day rolling average reveals a tumultuous reading for the ESI, as the average rose and fell dramatically in the days surrounding the United States election. The five indicators mostly mirrored the ESI’s increase, with consumer confidence in making a major purchase being the sole indicator to decline, falling 2.3 points to 43.8.

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Consumer Confidence Rebounds Slightly In Last Reading Before 2016 Election

Economic sentiment among consumers rebounded slightly over the past two weeks, rising 0.2 points to 46.9, according to the HPS-CivicScience Economic Sentiment Index (ESI). Despite declining confidence in the labor market, the housing market, and making a major purchase, the index achieved modest gains thanks to increasing confidence in the broader U.S. economy and personal finances. Heading into the 2016 election, consumer confidence remains marginally below its 12-month average of 47.1.

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Despite Increasing Confidence In The Broader U.S. Economy, Overall Consumer Confidence Drops Slightly

Consumer confidence dipped slightly over the past two weeks, falling 0.5 points to 46.7, according to the HPS-CivicScience Economic Sentiment Index (ESI). Despite confidence in the broader U.S. economy hitting another high for the year, declines in economic sentiment toward the labor market and personal finances helped push the overall index negative during the two-week reading.  Continue reading

Economic Sentiment Continues Steady Increases Since August Dip

Economic sentiment among consumers continued its recent trend of steady increases, rising 0.4 points during the last two weeks, according to the HPS-CivicScience Economic Sentiment Index (ESI). The increase brings the ESI to 47.2, 0.9 points higher than its August 23 reading of 46.3, the last reading during which the index declined. Increased confidence in the broader U.S. economy and in making major purchases allowed the ESI to overcome declines in confidence in the index’s other three indicators.

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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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