After a brief dip, consumer confidence has risen for three consecutive readings and now stands at a 2017 high of 52.9, according to the HPS-CivicScience Economic Sentiment Index (ESI). The ESI’s previous high for 2017 was 52.8, which it reached on Tuesday, January 24. While in 2016, consumer confidence only rose above 50.0 three times, the ESI has yet to fall below 50.0 in 2017. This reading’s increase helped push the ESI’s 2017 average up to 51.8. Economic sentiment for four of the ESI’s five economic indicators also improved, helping to spur the overall index’s rise.
Consumer confidence remained steady over the past two weeks, improving slightly from 51.2 to 51.5, according to the HPS-CivicScience Economic Sentiment Index (ESI). Despite only a small increase of 0.3 points, consumers have consistently felt more confident in 2017 than in 2016. The ESI’s 2017 average of 51.6 remains more than 4.0 points above its 2016 average of 47.5. Furthermore, economic sentiment among consumers failed to exceed the 50.0 threshold in 2016 until November 29, when consumer confidence reached 51.3. Since that date, the ESI has fallen below 50.0 only one time: Tuesday, February 7, when it dipped to 49.9.
Consumer confidence rebounded from its decline during the previous reading, rising 1.3 points to 51.2, according to the HPS-CivicScience Economic Sentiment Index (ESI). During the ESI’s last reading, consumer confidence dropped significantly, bucking a trend of increases from the end of November 2016 through January 2017. This reading’s improvement helps the ESI regain some of its losses, but the index remains 1.6 points below its 2017 peak of 52.8 on Tuesday, January 24.
Consumer confidence fell nearly 3.0 points to 49.9, its lowest level since November 15, 2016, according to the HPS-CivicScience Economic Sentiment Index (ESI). Confidence in the economy had been increasing steadily since October 2016, rising in six of the previous seven readings. The ESI’s three-day rolling average, which tracks short-term movement during the reading, ended the two-week reading period at 48.5 on Tuesday, February 7, a total of 4.8 points lower than its peak of 53.3 on Friday, January 27.
Entering the first week of the new presidential administration, consumer confidence increased slightly, according to the HPS-CivicScience Economic Sentiment Index (ESI), pushing confidence levels to a new 12-month high. While economic sentiment remained fairly stable during the two-week reading, the slight bump of 0.4 points brings the ESI to 52.8, its highest level since January 2015. The ESI’s five indicators remained steady, with only confidence in the labor market changing significantly with a gain of 2.6 points.
During the first two weeks of 2017, consumer confidence rebounded from its previous decline to begin the year at a 12-month high, according to the HPS-CivicScience Economic Sentiment Index (ESI). Economic sentiment increased 0.6 points to 52.4, making a full recovery from its only decline in six readings that occurred during the last two weeks of 2016. Consumers’ increasing confidence has pushed the ESI to start the new year 4.9 points higher than its 2016 average of 47.5.
Consumer confidence in the economy has declined for the first time in over two months, according to the HPS-CivicScience Economic Sentiment Index (ESI). Economic sentiment among consumers dropped 0.6 points during the ESI’s two-week reading period, falling from 52.4 to 51.8. Prior to today’s report, the ESI had increased each reading since October 18, steadily climbing 5.7 points by the December 13 reading to 52.4, the index’s highest point during 2016. While today’s result means the ESI finishes 2016 on a decline and slightly off its peak for the year, the reading of 51.8 pushes the index’s 2016 average up to 47.5.
Consumer confidence increased for the fourth straight reading to reach 52.4, according to the HPS-CivicScience Economic Sentiment Index (ESI). Since its last decline on October 18, 2016, consumer confidence has increased a total of 5.7 points, reaching its highest level since January 27, 2015. With the help of steady increases, the ESI’s 2016 average is now 47.4, up from 46.9 on October 18.
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.
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.