Consumer confidence improved slightly to start the second half of the year, rising 0.7 points to 51.2, according to the latest reading of the HPS-CivicScience Economic Sentiment Index (ESI). Increased confidence in personal finances and the broader U.S. economy drove the slight bump, which offset the 0.8 point drop over the previous two weeks. The ESI now rests just shy of its 2017 year average of 51.3 but remains above last year’s levels. This reading continues a three-month stretch where consumer confidence has remained relatively constant, not moving above 51.4 or below 50.5 since April 4.
A 0.8 point decline in overall consumer confidence during the past two weeks was fueled by a significant decline in confidence in the labor market and in personal finances, according to the HPS-CivicScience Economic Sentiment Index (ESI). Consumer confidence in personal finances fell 2.5 points to 62.6, its lowest level since the beginning of April, when the indicator dropped to 62.4. Confidence in the labor market dropped 1.7 points to 42.9, erasing a substantial portion of its gains from the previous reading when it had risen 2.8 points to 44.6. Additionally, consumers remained pessimistic toward the broader U.S. economy as this indicator dipped 0.2 points to 45.7 after falling 1.3 points during the previous reading. Economic sentiment toward making a major purchase also declined, falling 0.2 points to 51.3. Consumer confidence in the housing market was the sole ESI indicator to improve, rising 0.7 points to 49.8.
After holding steady during the latter half of May, consumer confidence increased 0.6 points to 51.3 points during the first two weeks of June, according to the HPS-CivicScience Economic Sentiment Index (ESI). As the halfway point of 2017 nears, consumer confidence hovers just below the index’s 2017 average of 51.4. Despite recent readings’ more modest confidence, consumers continue to feel more confident in 2017 than 2016, as the ESI’s 2017 average is nearly 4.0 points higher than its 2016 average of 47.5.
As summer kicked off with the passage of Memorial Day, consumer confidence remained steady, according to the HPS-CivicScience Economic Sentiment Index (ESI). The ESI came in once again at 50.7 over the past two weeks, after falling 0.4 points during the May 16 reading. While today’s reading sits below the ESI’s 2017 average of 51.4, the ESI remains higher than its 12-month average of 49.2.
Consumer confidence in the economy fell slightly in the past two weeks, according to the HPS-CivicScience Economic Sentiment Index (ESI). Since Tuesday, April 18, consumer confidence has now dropped 0.7 points, from 51.4 to today’s reading of 50.7. The index now sits at its lowest level for 2017 since February, when the index fell to 49.9 on Tuesday, February 7. Of note, confidence in the U.S. economy continued it’s downward decline, setting it apart from other components of the index, which have remained at elevated levels.
Consumer confidence declined slightly over the past two weeks, dropping 0.3 points to 51.1, according to the HPS-CivicScience Economic Sentiment Index (ESI). After reaching a 2017 high of 52.9 on Tuesday, March 21, consumer confidence has waned, shifting between 50.8 and 51.4 in the past month. Despite the decline during the most recent reading, consumer confidence remains well above its 2016 average of 47.5.
Consumer confidence rebounded slightly from its previous decline, increasing 0.6 points from 50.8 to 51.4, according to the HPS-CivicScience Economic Sentiment Index (ESI). The increase helped the ESI recover some of its losses from the previous reading, when the index fell 2.1 points. Consumer confidence in making a major purchase surged 3.1 points to bring the indicator to a 12-month high of 51.5. Despite this increase, consumers’ confidence in the broader U.S. economy dropped for the second straight reading, falling 1.4 points to 47.3 and bringing the indicator to its lowest point since before the 2016 election.
Consumer confidence dropped sharply, falling from its 2017 high of 52.9 by 2.1 points to 50.8, according to the HPS-CivicScience Economic Sentiment Index (ESI). The decline comes during Congress and the Trump Administration’s ongoing debate on healthcare reform. The three-day rolling average reveals that the ESI’s average dropped steeply, falling 2.5 points, the day before the scheduled vote to repeal the Affordable Care Act. This is the index’s first decline since the beginning of February, when consumer confidence dropped below 50.0 points for the only time in 2017. The ESI’s February decline coincided with the release of the Trump Administration’s executive order on immigration.
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.