Consumer intentions on buying TV sets fell sharply in Dec. from N...
Consumer intentions on buying TV sets fell sharply in Dec. from Nov., despite strong recovery in overall consumer confidence, according to preliminary data in Conference Board monthly survey. Of 5,000 households polled, 6.8% said they planned to buy TV…
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set in next 6 months, vs. 7.7% in Nov., 6.8% in Oct., 7.2% in Dec. 2000. Consumer Confidence Index jumped more than 8 points in Dec., following significant declines in each of 3 previous months, Conference Board said: “The deterioration in current economic conditions appears to be reaching a plateau, led by a stabilizing employment scenario. Consumers’ short-term optimism is no longer at recession levels, and the upward trend signals that the economy may be close to bottoming out and that a rebound by mid-2002 is likely.”