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US: Consumer confidence to improve slightly – Nomura

Analysts at Nomura expect the US consumer confidence to improve slightly to 127.0 in July.

Key Quotes

“The University of Michigan consumer sentiment index ticked down marginally during the month, partly reflecting increased trade concerns from consumers. However, consumer fundamentals likely remain firm with a low unemployment rate and steady job growth and we continue to expect consumer confidence to remain elevated over the near- to medium-term.”

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