Consumer Intentions to Buy TVs Fell in May, Says Conference Board
Consumer intentions to buy new TV sets declined in May from April, according to preliminary Conference Board data released Tuesday. Nielsen canvassed 5,000 homes for the board through May 16 and found 12.2 percent plan to buy a new TV…
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in the next six months, down from 13.1 percent in April and 13.6 percent in March, but up from 11.9 percent in May 2017, said the board. Overall consumer confidence increased in May after a “moderate” decline in April, “suggesting that the level of economic growth in Q2 is likely to have improved from Q1,” it said. “Overall, confidence levels remain at historically strong levels and should continue to support solid consumer spending in the near-term.”