Second month of improving US confidence

12 June 2020

 

Summary: US consumer confidence improved again in June; now back within “normal” range, albeit at the lower end; “bad times” still anticipated for rest of year; coronavirus resurgence, high jobless rate cited as major concerns.   US consumer confidence started 2020 at an elevated level. However, by March, surveys had begun to reflect a growing uneasiness with the global spread of COVID-19 and its reach into the US. After a...

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