Consumer intentions to buy new TV sets jumped significantly...
Consumer intentions to buy new TV sets jumped significantly in June, according to preliminary data released Tuesday by The Conference Board. Of 5,000 homes surveyed, 17.2 percent said they plan to buy new TV sets in the next six months,…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
compared with 15.2 percent who said so in May and 7.5 percent in June 2010. Still, the Consumer Confidence Index fell for the second straight month, “driven by a less favorable assessment of current conditions and continued pessimism about the short-term outlook,” The Conference Board said. Fewer consumers in June than in May “foresee conditions improving over the next six months,” it said. “Inflation fears eased considerably in June, but concerns about income prospects increased. Given the combination of uneasiness about the economic outlook and future earnings, consumers are likely to continue weighing their spending decisions quite carefully."