Consumer intentions on buying TV sets rose in Nov. from Oct., eve...
Consumer intentions on buying TV sets rose in Nov. from Oct., even though overall consumer confidence fell for 5th straight month, according to preliminary data in Conference Board monthly survey. Of 5,000 households polled, 7.7% said they plan to…
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buy TV set in next 6 months, vs. 6.8% in Oct., 7.5% in Sept., 6.2% in Nov. 2000. Consumer Confidence Index fell 3 points in Nov., marking 2nd significant decline in as many months, Conference Board said: “Rising unemployment and continuing layoff announcements are dampening confidence. Pessimistically, it said that turnaround in consumer confidence isn’t likely before year-end, “nor are retailers likely to enjoy a blockbuster holiday season.”