Americans' Expectations for Economy Decline to Three-Month Low
- Bloomberg monthly index drops from seven-month high in January
- Weekly measure of consumer comfort was little changed
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Americans’ expectations for the economy declined in February to a three-month low as optimism propelled by job growth and cheaper gasoline at the start of the year faded.
A monthly measure tracking the economic outlook dropped to 42.5 from a January reading of 47 that was the highest in seven months, data from the Bloomberg Consumer Comfort Index showed Thursday. The weekly consumer sentiment gauge of present conditions was little changed at 44.3 in the period ended Feb. 14 from 44.5.