Consumer Intentions to Buy New TVs Declined in October, Conference Board Says
Consumer intentions to buy new TV sets declined in October from September, according to preliminary Conference Board data released Tuesday. Nielsen canvassed 5,000 homes through Oct. 18 and found 12.4 percent plan to buy a new TV in the next…
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six months, down from 13.2 percent in September and 13.1 percent in October 2016, it said. Overall consumer confidence in October increased to its highest level in almost 17 years after remaining relatively flat in September, the Conference Board said: “Consumers’ assessment of current conditions improved, boosted by the job market, which had not received such favorable ratings since the summer of 2001. Consumers were also considerably more upbeat about the short-term outlook, with the prospect of improving business conditions as the primary driver.”