Consumer intentions on buying TV sets rose in March from Feb., de...
Consumer intentions on buying TV sets rose in March from Feb., despite 2nd decline in Consumer Confidence Index in as many months, according to preliminary data in Conference Board monthly survey. Of 5,000 households polled, 6.6% said they planned…
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to buy TV set in next 6 months, vs. 6.1% in Feb., 6.3% in Jan., 6.3% in March 2002. Consumer Confidence Index fell to 62.5 from 64.8 in Feb., following sharp decline from Jan. Conference Board said “a quick and successful outcome” in Iraq war “would certainly ease some of the uncertainties facing consumers” and therefore could boost confidence. However, “it is the economic fundamentals that will determine whether a rebound in sustainable,” it said. End of 1991 Persian Gulf war sparked “surge” in confidence, “but labor market conditions quickly diminished the spark,” it said.