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Consumer confidence beats expectations in June

Reuters logo Reuters 4 days ago Lucia Mutikani

U.S. consumer confidence increased more than expected in June, strengthening views that the economic downturn was likely over, though rising COVID-19 infections threaten to derail the budding recovery.

The Conference Board said on Tuesday its consumer confidence index rose to a reading of 98.1 this month from a downwardly revised 85.9 in May. Economists polled by Reuters had forecast the index rising to 91.8 in June from the previously reported reading of 86.6 in May.

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