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    June 27, 2023

    Consumer Confidence Recovers in June

    Written by David Schollaert

    US consumer confidence rebounded in June after having fallen consecutively since April. The result jumped to its highest level since January 2022 and came as fewer households are expecting a recession, The Conference Board reported.

    The headline Consumer Confidence Index rose 7.2 points to 109.7 in June from 102.5 one month ago. And while both the present situations index and the expectations index rose from May, the latter remains at a level that flashes a recession warning signal, the report noted.

    David Schollaert

    David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

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