Consumer Confidence Remains Steady; Holding Slightly Above Last Year’s Level

Consumer confidence remained steady over the past two weeks, according to the HPS-CivicScience Economic Sentiment Index (ESI). The index moved down a mere 0.2 points, falling from a reading of 52.9 on July 24 to 52.7 on August 7th.

Escalating trade tensions, inflationary economic pressures, and rising geopolitical tensions have led to growing uncertainty about the broader U.S. economy. Yet despite the heightened economic insecurity, the ESI is 0.6 points above last year’s level, indicating relatively stable consumer confidence over the past year.


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Consumer Confidence Jumps During Amazon Prime Day

Consumer confidence improved slightly over the past two weeks, according to the HPS-CivicScience Economic Sentiment Index (ESI). The index moved up 0.3 points, rising from a reading of 52.6 on July 10 to 52.9 on July 24. This marks the fourth reading period in a row that the ESI has reversed course.

The recovery in economic sentiment was driven by a 1.1 point increase in consumer confidence in making a major purchase, the largest change by any subcategory during the reading period.


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Economic Sentiment Dips Slightly During Heightened Trade Pressures

Consumer confidence fell slightly over the last two weeks, according to the HPS-CivicScience Economic Sentiment Index (ESI). The index dropped by a total of 0.7 points, from a reading of 53.3 points on June 26th to 52.6 points on July 10th, and marks the third reading period in a row the ESI has reversed course. Since May 1st’s reading of 52.8, the ESI has remained basically unchanged, falling only by 0.2 points. Over the same time horizon, the ESI has not exceeded 53.4 or fallen below 52.9 points.

The slight decline in economic sentiment comes amid escalating trade tensions between the United States and China. During the reading period two major decisions were made. First, President Trump announced an “enhanced” review process of Chinese investment in U.S. technology firms on June 27th. The U.S. announced on July 6th that they would initiate new duties of 25 percent, leading to Beijing immediately retaliated with its own tariffs.


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Economic Sentiment Recovers As Consumer Confidence In The U.S. Housing Market And Broader Economy Grows

After a dip at the beginning of June, consumer confidence rose over the past two weeks to reach 53.3 points, according to the HPS-CivicScience Economic Sentiment Index (ESI). The index rose a total of 0.9 points, increasing from a reading of 52.4 on March 12th.

The bump in economic sentiment was driven by a 2.4 point increase in consumer confidence towards the housing market, as well as an equal increase in confidence in the broader economy.


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Consumer Confidence In The U.S. Economy Falls As Trade Tensions Escalate

Consumer confidence in the U.S. economy fell by 4.7 points, the largest drop this year, according to the HPS-Civic Science Economic Sentiment Index (ESI). Overall consumer confidence fell by 1.0 point to reach a reading of 52.4. After rising steadily in January to hit a peak reading 55.6 at the beginning of February, the ESI has declined steadily, falling 3.2 points. Despite the general drop in consumer confidence this year, economic sentiment remains slightly above last year’s levels.

The large decline in confidence in the U.S. economy comes amid escalating trade tensions between the U.S. and Canada. Following President Trump’s imposition of tariffs on Canada and Europe on May 31st, Canada announced retaliatory tariffs on June 9th. On the same day, the ESI’s three-day moving average hit its lowest level with a reading of 51.6.


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Confidence In The U.S. Economy Surges In May

Confidence in the U.S. economy since May 1st surged by a total of 5.3 points, following a 1.6 point increase over the past two weeks. Overall, consumer confidence during the month of May increased by only 0.6 points due to a decline in economic sentiment towards personal finances and purchasing a home. The past two weeks continued trends from early May, with the overall index up 0.1 points, moving up from a reading of 53.3 points on May 15th to 53.4 points on May 29th. 

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Overall Consumer Confidence Improves, With A Spike In Confidence In The U.S. Economy

The Economic Sentiment Index increased slightly, according to the HPS-CivicScience Economic Sentiment Index (ESI), thanks to increased confidence in the broader U.S. economy. The index reading improved by a total of 0.5 points, from a reading of 52.8 points to 53.3 points. The renewed confidence in the U.S. economy offset declines in consumer faith in the housing market, making a major purchase, and personal finances.

After falling from February highs, consumer confidence has remained relatively consistent over the last two months, with an average reading of 52.9. During this time-period, the ESI has never exceeded 53.6 or fallen below 51.9 – a difference of 1.7 points.

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Economic Sentiment Recovers, Led By Increased Consumer Confidence In Making A Major Purchase

Consumer confidence recovered for the first time in six weeks, according to the HPS-CivicScience Economic Sentiment Index (ESI). The index increased by a total of 0.9 points, from a reading of 51.9 points on April 17th to 52.8 points on May 1st, while the three-day moving average ended at near highs of 53.9.

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Consumer Confidence Continues To Edge Downward

Consumer confidence continued to decline over the past two weeks, according to the HPS-CivicScience Economic Sentiment Index (ESI). The index dropped by a total of 1.2 points, declining from a reading of 53.1 points on April 3rd to 51.9 points on April 17th. This is the lowest level the ESI has hit since December 12th, 2017 and is 3.7 points off of its 2018 high from early February.

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Consumer Confidence Dips Slightly But Remains Just Above Last Year’s Highs

Following a short bump in economic sentiment, consumer confidence declined by 0.5 points over the past two weeks to reach 53.1 points, according to the HPS-CivicScience Economic Sentiment Index (ESI). While the ESI remains 2.5 points off 2018 highs, the index remains in line with 2017’s high-point of 53.2, a 0.1 point difference.

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