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Fewest Americans since October 2013 see U.S. economy improving

The fewest Americans in almost a year say the economy is getting better as faster wage gains remain a missing element in the expansion.

By Lorraine Woellert, Bloomberg | Updated on September 18, 2014
Sept. 18 (Bloomberg) — The fewest Americans in almost a year say the economy is getting better as faster wage gains remain a missing element in the expansion.

A measure tracking the economic outlook dropped to 41.5 this month, the weakest since October, from 45 in August, data from the Bloomberg Consumer Comfort Index showed today. The reading was the second-lowest since January 2012.

Twenty percent of those surveyed saw the economy improving, the smallest share since October, when the partial shutdown of the federal government rattled households. Bloomberg’s weekly sentiment index improved as consumers grew more upbeat about their financial well-being on the heels of stock-market gains that may keep spending from faltering.

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