Consumer Intentions to Buy TVs Fell Slightly in July, Says Conference Board
Consumer intentions to buy new TV sets declined slightly in July from June, according to preliminary Conference Board data released Tuesday. Nielsen canvassed 5,000 homes for the board through July 19 and found 11 percent plan to buy a new…
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TV in the next six months, down from 11.2 percent in June, 12.5 percent in May, and 12.6 percent in July 2017, said the board. The overall consumer confidence index increased “marginally” in July after a “modest decline” in June, it said: “Consumers’ assessment of present-day conditions improved, suggesting that economic growth is still strong.” Though the recent numbers “continue to reflect optimism in the short-term economic outlook,” they also “suggest consumers do not foresee growth accelerating,” it said.