December Consumer Confidence Fell for 2nd Straight Month, Says Conference Board
Consumer intentions to buy new TV sets increased slightly in December from November, though overall consumer confidence declined slightly for the second straight month, according to preliminary Conference Board data released Thursday. Nielsen canvassed 5,000 homes for the board through…
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Dec. 13 and found 11.7 percent plan to buy a new TV in the next six months, up from 11.3 percent in November, but down from 12.8 percent in October and 13.9 percent in December 2017, it said. Though all indicators “still suggest that the economy will continue expanding at a solid pace in the short-term,” consumer expectations on job prospects and business conditions “weakened” somewhat in December, said the board: “While consumers are ending 2018 on a strong note, back-to-back declines in expectations are reflective of an increasing concern that the pace of economic growth will begin moderating in the first half of 2019.”