Consumer Intentions to Buy TVs Fell Sharply in November, Says Conference Board
Consumer intentions to buy new TV sets declined sharply in November from October, according to preliminary Conference Board data released Tuesday. Nielsen canvassed 5,000 homes for the board through Nov. 13 and found 11.2 percent plan to buy a new…
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TV in the next six months, down from 12.8 percent in October, 14.2 percent in September and 12.6 percent in November 2017, said the board. Overall consumer confidence declined slightly in November but “remains at historically strong levels,” it said. Consumer “expectations” toward the short-term economy “weakened somewhat in November, primarily due to a less optimistic view of future business conditions and personal income prospects,” it said: “Consumers are still quite confident that economic growth will continue at a solid pace into early 2019. However, if expectations soften further in the coming months, the pace of growth is likely to begin moderating.”