Americans' outlook on the economy slipped because of concerns about hurricane damage, though their assessment of present conditions reached the highest since 2000.
Overall, an index of consumer sentiment slipped to a reading of 95.3 in September from 96.8 in August, the University of Michigan said Friday. The index is comprised of two components -- Americans' assessment of current conditions and their expectation of the economy in months ahead.
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Americans' assessment of present conditions reached the highest level since November 2000, rising 2.7% to a reading of 113.9.
But the index of expectations fell 4.9% to 83.4.
"The two hurricanes had a greater impact on expected economic conditions, " said Richard Curtin, chief economist of the survey. "Across all interviews in early September, 9% spontaneously mentioned concerns that Harvey, Irma, or both, would have a negative impact on the overall economy."
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(END) Dow Jones Newswires
September 15, 2017 10:39 ET (14:39 GMT)