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16.04.2015 17:04:00
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Moody's: Operating profits revised upward for US consumer durables industry
New York, April 16, 2015 -- Improving consumer confidence and the accelerating release of pent-up demand among middle-income consumers has led Moody's Investors Service to upwardly revise its forecast for US consumer durables companies' operating profit growth, the rating agency says in a new report. Moody's now expects aggregate operating profits to increase 5.5% to 6.5%, and revenues to grow by 5% to 5.5%, over the next 12 to 18 months.
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