Economics
Americans' Outlook for U.S. Economy Declines to a 13-Month Low
- Monthly consumer expectations index falls 2.5 points to 42
- Weekly Bloomberg Consumer Comfort gauge also decreases
Window shoppers in New York City.
Photographer: John Taggart/BloombergThis article is for subscribers only.
Americans’ expectations for the economy deteriorated to a 13-month low in October, coinciding with a recent slowdown in hiring.
The monthly measure tracking the economic outlook declined to 42 from a September reading of 44.5, data from the Bloomberg Consumer Comfort Index showed Thursday. The share of respondents who said this month that the economy is getting worse matched May as the highest since October 2013.