Consumer Intentions to Buy TVs Rose Sharply in February, Says Conference Board
Consumer intentions to buy new TV sets increased sharply in February from January, said preliminary Conference Board data released Tuesday. Nielsen canvassed 5,000 homes through Feb. 15 and found 13.5 percent plan to buy a new TV in the next…
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six months, up from 12.2 percent in January, down from 13.9 percent in December, and up from 12.4 percent in February 2016, said the board. Overall consumer confidence increased in February to its highest level since November 2000, it said: “Despite the recent stock market volatility, consumers expressed greater optimism about short-term prospects for business and labor market conditions, as well as their financial prospects. Overall, consumers remain quite confident that the economy will continue expanding at a strong pace in the months ahead.”