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The sentiment gauge fell to a seven-month low of 70.4 in November, in the aftermath of Octobers government shutdown and the troubled introduction of the Affordable Care Act website, but many economists expect the outlook to rebound this month. Besides the soaring stock market, the labor market has been showing signs of life with unemployment levels easing slightly, along with improved indicators for economic growth recently. Morgan Stanley economists expect the index to rise to 75 in December.
|Looking Ahead: Economic Reports For The Week Of Dec. 30|
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