Consumer Confidence Holds At 46
Consumer confidence showed a slight improvement over the past two weeks, rising slightly to 46.4, according to the most recent data from the HPS-CivicScience Economic Sentiment Index (ESI). This continues a six-month long trend, which has kept confidence consistently up from last year in recent months.
The three-day moving average jumped in the last week, reaching a peak of 50.1 on September 21. After a small dip, the three-day rolling average ended at 47.6, up 3.6 points from the beginning of the two-week period.
The five components of the ESI were largely stable. Confidence in the U.S. economy, personal finances, and the housing market all increased slightly, recovering from their declines two weeks ago. Confidence in making major purchases held steady at 45.5, with no considerable change in this measure since late June. Confidence in the labor market dropped slightly, but is still 7.1 points above its level from this time last year.
The next release of the ESI will be October 6.
About the Index
The HPS-CivicScience Economic Sentiment Index (“ESI”) is a “living” index that measures U.S. adults’ expectations for the economy going forward, as well as their feelings about current conditions for major purchases. The primary goal of the Index is to accurately measure movements in overall national economic sentiment, and to provide a more sophisticated alternative to existing economic sentiment indices. Unlike other prominent indices that release consumer sentiment estimates infrequently, the HPS-CivicScience Index is updated in real time as responses are collected continuously every hour, every day. Large-scale cross-tabulation of survey responses and consumer attributes enable more granular analyses than are currently possible through prevailing measures.
For a more detailed overview of the Index and the underlying methodology, please request a white paper.
About Hamilton Place Strategies (HPS)
Hamilton Place Strategies is a policy, advocacy, and communications consulting firm with a focus and expertise at the intersection of government, business, and media.
CivicScience, Inc. provides the leading intelligent polling and real-time consumer insights platform, the InsightStore™. Its proprietary platform powers the world’s opinions and quickly gets that data to the decision makers who care. Every day, CivicScience polls ask millions of people questions related to thousands of topics, while its powerful data science and big data technology analyzes current consumer opinions, discovers trends as they start, and accurately predicts future behaviors and market outcomes. CivicScience polls run on hundreds of premier websites, in addition to its own public polling site at www.civicscience.com. CivicScience’s InsightStore™ is used by leading enterprises in marketing research, advertising, media, financial services, and political polling. For more information, visit CivicScience by clicking here and follow them on Twitter – @CivicScience.