Economy
December 4, 2016
November Consumer Confidence Report Was Excellent
Written by Peter Wright
The source of this data is the Conference Board with analysis by Steel Market Update. This article is normally reserved for our Premium level members but we are sharing it with all of our readers in an effort to give you some taste of what kind of analysis you get with a Premium membership to Steel Market Update. Please see the end of this piece for an explanation of the indicator.
The November report was excellent. Consumer confidence is the driver of consumer spending which is the largest component of GDP and which ultimately drives a large portion of steel consumption.
