Analysts at Nomura expect a healthy reading of 133.0 for Conference Board’s consumer confidence index for September, mostly unchanged from August.
Key Quotes
“The University of Michigan survey indicated continued optimism with improvement in buying plans for autos and household durable goods. The strong labor market has remained supportive for consumer confidence despite escalating trade tensions. Conference Board report for September will likely follow this trend. That said, the recent escalation of US-China trade tensions could have a material impact on consumer sentiment in the following month as many consumers goods are targeted by the finalized list of $200bn imports from China subject to 10% tariffs.”
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