Feb. 20 (Bloomberg) — The share of consumers expecting the economy to worsen fell in February to an almost two-year low as Americans looked beyond harsh winter weather.
Thirty percent, the fewest since May 2012, said the economy was headed in the wrong direction, data from the Bloomberg Consumer Comfort Index showed today. The gap between positive and negative expectations was minus 3, an eight-month high. The weekly measure was little changed at minus 30.6 for the period ended Feb. 16 from minus 30.7.
Snowstorms and colder temperatures in the eastern United States last week that shuttered government offices, stalled highway traffic and canceled flights did little to dismay Americans about the economic outlook. More job and income growth would go further in helping bolster the economy after the weather-related slowdown at the start of the year.
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