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    Economy

    Consumer Confidence in December 2016

    Written by Peter Wright


    The source of this data is the Conference Board with analysis by Steel Market Update. The official news release from the Conference Board is included beneath our analysis. Please see the end of this piece for an explanation of the indicator.

    The December report was very encouraging and came on the heels of an excellent November result. 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.

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