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Consumer confidence beats expectations

Jun 10, 2016, 19:30 IST

The University of Michigan's preliminary consumer sentiment index was higher than forecast in June, but fell from last month's level.

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The index was 94.3, beating the forecast for 94, and down a hair from 94.7 prior.

Richard Curtin, the survey's chief economist, said consumers grew more concerned about the economy, although they were bullish on the future of their personal finances.

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